Headwater Exploration (TSE:HWX) Shares Down 1.4% - Here's What Happened

Headwater Exploration Inc. (TSE:HWX - Get Free Report) shares traded down 1.4% during mid-day trading on Tuesday . The stock traded as low as C$6.77 and last traded at C$6.84. 764,187 shares were traded during mid-day trading, an increase of 10% from the average session volume of 697,777 shares. The stock had previously closed at C$6.94.

Analyst Ratings Changes

Several research firms have recently commented on HWX. Desjardins raised their target price on shares of Headwater Exploration from C$6.75 to C$7.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. CIBC cut their price target on shares of Headwater Exploration from C$9.00 to C$8.50 in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$8.17.

Headwater Exploration Stock Down 1.4%

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$1.62 billion, a PE ratio of 8.77, 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$6.29 and its 200 day simple moving average is C$6.41.

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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