Headwater Exploration Inc. (TSE:HWX - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as C$5.40 and last traded at C$5.42, with a volume of 238438 shares traded. The stock had previously closed at C$5.97.
Analysts Set New Price Targets
HWX has been the topic of a number of recent research reports. CIBC set a C$9.00 target price on Headwater Exploration and gave the company an "outperform" rating in a report on Thursday, January 30th. National Bankshares cut their price objective on shares of Headwater Exploration from C$9.50 to C$9.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Raymond James upgraded shares of Headwater Exploration from a "market perform" rating to an "outperform" rating in a research note on Tuesday, January 7th. Finally, Desjardins lowered shares of Headwater Exploration from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$8.25 to C$7.25 in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$8.81.
View Our Latest Stock Report on HWX
Headwater Exploration Stock Up 13.8 %
The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54. The company has a market capitalization of C$1.32 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. The firm's 50-day simple moving average is C$6.34 and its 200 day simple moving average is C$6.63.
Insider Buying and Selling
In other Headwater Exploration news, Director Phillip R. Knoll sold 5,400 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$6.97, for a total value of C$37,638.00. 5.08% of the stock is owned by insiders.
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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