Headwater Exploration Inc. (TSE:HWX) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Headwater Exploration received a “Moderate Buy” consensus rating from six analysts, split evenly between three buy and three hold recommendations. The average 12-month price target is C$12.75.
• HWX shares rose 3.0% to C$15.17, near their 52-week high of C$15.24, with a market capitalization of approximately C$3.61 billion.
• The company reported quarterly EPS of C$0.36 on revenue of C$227.67 million, alongside a 27.85% net margin and 24.24% return on equity.

Shares of Headwater Exploration Inc. (TSE:HWX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$12.75.

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the stock a "sector perform" rating in a research report on Monday, July 27th. Desjardins set a C$14.50 price objective on shares of Headwater Exploration and gave the company a "hold" rating in a report on Friday, July 17th.

Headwater Exploration Trading Up 3.0%

Shares of HWX stock opened at C$15.17 on Friday. Headwater Exploration has a fifty-two week low of C$7.02 and a fifty-two week high of C$15.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 1.07. The stock's fifty day moving average is C$14.02 and its two-hundred day moving average is C$13.15. The firm has a market capitalization of C$3.61 billion, a P/E ratio of 19.45, a PEG ratio of 0.83 and a beta of 0.65.

Headwater Exploration (TSE:HWX - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$227.67 million during the quarter. Headwater Exploration had a net margin of 27.85% and a return on equity of 24.24%. Research analysts expect that Headwater Exploration will post 0.63 earnings per share for the current fiscal 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.

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