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Headwater Exploration (TSE:HWX) Shares Up 1.9% - Here's What Happened

Headwater Exploration logo with Energy background

Headwater Exploration Inc. (TSE:HWX - Get Free Report) rose 1.9% on Monday . The company traded as high as C$6.40 and last traded at C$6.36. Approximately 876,595 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 723,280 shares. The stock had previously closed at C$6.24.

Wall Street Analyst Weigh In

HWX has been the subject of a number of analyst reports. Desjardins lifted their price target on shares of Headwater Exploration from C$6.75 to C$7.00 and gave the company a "hold" rating in a research report on Monday, May 5th. CIBC lowered their price objective on shares of Headwater Exploration from C$9.00 to C$8.50 in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Headwater Exploration presently has a consensus rating of "Buy" and a consensus price target of C$8.17.

Get Our Latest Stock Report on HWX

Headwater Exploration Stock Down 1.1%

The firm's fifty day moving average price is C$5.92 and its 200-day moving average price is C$6.42. The company has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 8.20, 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 current ratio of 1.54 and a quick ratio of 2.07.

About Headwater Exploration

(Get Free Report)

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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