Headwater Exploration Inc. (TSE:HWX - Get Free Report) shot up 0.7% during mid-day trading on Friday . The stock traded as high as C$6.11 and last traded at C$6.03. 410,390 shares traded hands during trading, a decline of 46% from the average session volume of 759,464 shares. The stock had previously closed at C$5.99.
Wall Street Analyst Weigh In
A number of brokerages have commented on HWX. CIBC lowered their price target on Headwater Exploration from C$9.00 to C$8.50 in a research report on Thursday, April 10th. Desjardins upped their price objective on Headwater Exploration from C$6.75 to C$7.00 and gave the company a "hold" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Headwater Exploration presently has a consensus rating of "Buy" and an average target price of C$8.17.
View Our Latest Report on Headwater Exploration
Headwater Exploration Trading Down 1.9%
The stock has a market cap of C$1.47 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. The firm's 50 day moving average is C$5.92 and its two-hundred day moving average is C$6.47. The company has a quick ratio of 2.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.
Headwater Exploration Company Profile
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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.
Further Reading
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