Headwater Exploration (TSE:HWX) Price Target Raised to C$11.00

Headwater Exploration (TSE:HWX) had its price target upped by ATB Capital from C$8.75 to C$11.00 in a research note published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

HWX has been the topic of a number of other reports. CIBC boosted their target price on Headwater Exploration from C$8.50 to C$10.00 in a report on Wednesday, October 15th. Desjardins lifted their price objective on shares of Headwater Exploration from C$8.75 to C$9.50 and gave the stock a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$10.25.

Headwater Exploration Stock Down 0.8%

Shares of HWX stock opened at C$9.49 on Thursday. Headwater Exploration has a 52-week low of C$4.75 and a 52-week high of C$9.70. The stock has a market cap of C$2.27 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.83 and a beta of 0.62. The firm’s 50-day moving average is C$7.90 and its 200-day moving average is C$7.27. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54.

Headwater Exploration (TSE:HWX) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.15 earnings per share for the quarter. The firm had revenue of C$178.70 million for the quarter. Headwater Exploration had a return on equity of 28.63% and a net margin of 35.52%. Sell-side analysts predict that Headwater Exploration will post 0.6296296 EPS for the current year.

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.