Headwater Exploration Inc. (TSE:HWX - Get Free Report) shares traded 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 mid-day 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 Analysts Forecast Growth
Several research firms have weighed in on HWX. CIBC lowered their price objective on Headwater Exploration from C$9.00 to C$8.50 in a research report on Thursday, April 10th. Desjardins increased their price target on 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Headwater Exploration has a consensus rating of "Buy" and a consensus price target of C$8.63.
Get Our Latest Report on HWX
Headwater Exploration Price Performance
The business's fifty day moving average price is C$5.90 and its 200 day moving average price is C$6.48. The stock has a market cap of C$1.43 billion, a P/E ratio of 7.73, a PEG 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.
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.
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