Headwater Exploration (TSE:HWX) Price Target Raised to C$11.75

Headwater Exploration (TSE:HWX) had its price objective hoisted by Desjardins from C$11.00 to C$11.75 in a research note issued to investors on Friday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on HWX. Royal Bank Of Canada increased their price objective on Headwater Exploration from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research note on Monday, January 19th. Raymond James Financial cut Headwater Exploration from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$9.00 to C$9.50 in a report on Tuesday, December 9th. National Bank Financial raised their price target on Headwater Exploration from C$10.50 to C$11.50 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, ATB Cormark Capital Markets lifted their price objective on Headwater Exploration from C$8.75 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$11.39.

Headwater Exploration Trading Down 1.5%

Shares of TSE:HWX opened at C$12.29 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.23 and a quick ratio of 2.07. The company has a market cap of C$2.93 billion, a P/E ratio of 16.84, a PEG ratio of 0.83 and a beta of 0.51. The stock’s fifty day moving average price is C$10.97 and its 200-day moving average price is C$8.97. Headwater Exploration has a 1 year low of C$4.75 and a 1 year high of C$13.29.

Headwater Exploration Company Profile

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.