Headwater Exploration (TSE:HWX - Get Free Report) had its price target increased by analysts at Desjardins from C$6.75 to C$7.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Desjardins' price objective would suggest a potential upside of 16.09% from the stock's current price.
Other research analysts have also recently issued reports about the company. Raymond James raised Headwater Exploration from a "market perform" rating to an "outperform" rating in a research report on Tuesday, January 7th. CIBC cut their target price on shares of Headwater Exploration from C$9.00 to C$8.50 in a research report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$8.63.
Get Our Latest Stock Analysis on HWX
Headwater Exploration Stock Performance
Shares of HWX traded up C$0.04 during mid-day trading on Monday, hitting C$6.03. 410,390 shares of the company traded hands, compared to its average volume of 759,464. The stock has a 50-day moving average price of C$5.90 and a two-hundred day moving average price of C$6.48. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.83 and a beta of 1.55. 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 1 year low of C$4.75 and a 1 year high of C$7.83.
About Headwater Exploration
(
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Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.
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