Headwater Exploration Inc. (TSE:HWX - Get Free Report) shares 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 changed hands 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.
Analysts Set New Price Targets
HWX has been the subject of a number of recent analyst reports. Desjardins upped their price target on shares of Headwater Exploration from C$6.75 to C$7.00 and gave the stock a "hold" rating in a research report on Monday, May 5th. CIBC dropped their price target on shares of Headwater Exploration from C$9.00 to C$8.50 in a research report on Thursday, April 10th. One research 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$8.17.
Check Out Our Latest Stock Analysis on HWX
Headwater Exploration Trading Up 2.3%
The firm has a market capitalization of C$1.56 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. The stock's 50-day simple moving average is C$5.92 and its two-hundred day simple moving average is C$6.42. 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
(
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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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