Headwater Exploration (TSE:HWX) Price Target Raised to C$13.50

Headwater Exploration (TSE:HWX) had its price target increased by BMO Capital Markets from C$11.00 to C$13.50 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. ATB Cormark Capital Markets upped 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. Raymond James Financial downgraded Headwater Exploration from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$9.00 to C$9.50 in a research report on Tuesday, December 9th. Royal Bank Of Canada upped their price target on Headwater Exploration from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Monday, January 19th. National Bank Financial increased their price target on Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Desjardins boosted their price objective on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$11.39.

Headwater Exploration Stock Performance

Headwater Exploration stock opened at C$12.29 on Friday. The firm has a 50 day simple moving average of C$10.97 and a 200-day simple moving average of C$8.97. The stock has a market cap of C$2.93 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.51. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.23 and a quick ratio of 2.07. Headwater Exploration has a 1-year low of C$4.75 and a 1-year high of C$13.29.

About Headwater Exploration

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.