National Bank Financial Raises Headwater Exploration (TSE:HWX) Price Target to C$13.00

Headwater Exploration (TSE:HWX) had its price target boosted by National Bank Financial from C$11.50 to C$13.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 5.61% from the company’s current price.

Other analysts have also issued reports about the stock. Royal Bank Of Canada increased their target price on shares of 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. Raymond James Financial downgraded Headwater Exploration from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$9.00 to C$9.50 in a research report on Tuesday, December 9th. Desjardins lifted their target price on Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a report on Friday. Finally, ATB Cormark Capital Markets boosted their target price on Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.39.

Headwater Exploration Price Performance

Shares of HWX traded down C$0.17 during midday trading on Friday, reaching C$12.31. The stock had a trading volume of 924,814 shares, compared to its average volume of 871,715. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.32 and a quick ratio of 2.07. The company has a market capitalization of C$2.94 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.83 and a beta of 0.51. The firm’s 50 day moving average price is C$10.91 and its 200-day moving average price is C$8.90. Headwater Exploration has a 52 week low of C$4.75 and a 52 week 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.