Headwater Exploration (TSE:HWX) Price Target Raised to C$11.50

Headwater Exploration (TSE:HWX) had its target price raised by National Bankshares from C$10.50 to C$11.50 in a research report released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on HWX. CIBC raised their target price on Headwater Exploration from C$8.50 to C$10.00 in a report on Wednesday, October 15th. Raymond James Financial lowered shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 9th. ATB Capital upped their target price on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Desjardins increased their target price on shares of Headwater Exploration from C$8.75 to C$9.50 and gave the stock a “hold” rating in a report on Thursday, December 4th. Finally, Royal Bank Of Canada raised their price target on shares of Headwater Exploration from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Headwater Exploration presently has an average rating of “Hold” and an average target price of C$10.42.

Headwater Exploration Stock Down 2.5%

Headwater Exploration stock opened at C$11.15 on Tuesday. The company has a market capitalization of C$2.66 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.83 and a beta of 0.59. 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 has a fifty-two week low of C$4.75 and a fifty-two week high of C$11.61. The firm has a 50 day moving average price of C$9.79 and a 200 day moving average price of C$8.22.

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

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.