Headwater Exploration (TSE:HWX) Trading 1.6% Higher - Should You Buy?

Key Points

• Headwater Exploration traded up 1.6% to C$12.53 on Thursday with ~978,600 shares changing hands, and its price is above the 50‑day (C$12.34) and 200‑day (C$10.18) moving averages.
• Several analysts raised targets recently (BMO to C$13.50, RBC and National Bank to C$13.00), leaving a consensus rating of Moderate Buy with an average target of C$11.68.
• The company has a market capitalization of C$2.98 billion, a P/E of 19.58 and a PEG of 0.83, with a quick ratio of 2.07 and debt/equity of 1.88, indicating manageable valuation and liquidity alongside notable leverage.

Headwater Exploration Inc. (TSE:HWX - Get Free Report) traded up 1.6% during mid-day trading on Thursday . The stock traded as high as C$12.58 and last traded at C$12.53. 978,598 shares were traded during trading, a decline of 2% from the average session volume of 998,619 shares. The stock had previously closed at C$12.33.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Headwater Exploration from C$11.00 to C$13.50 and gave the stock an "outperform" rating in a research report on Friday, March 6th. Desjardins upped their target price on Headwater Exploration from C$11.00 to C$11.75 and gave the stock a "hold" rating in a research report on Friday, March 6th. Royal Bank Of Canada upped their target price on Headwater Exploration from C$11.00 to C$13.00 and gave the stock a "sector perform" rating in a research report on Monday, March 9th. Finally, National Bank Financial upped their target price on Headwater Exploration from C$11.50 to C$13.00 and gave the stock an "outperform" rating in a research report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$11.68.

Headwater Exploration Price Performance

The stock has a market capitalization of C$2.98 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 0.83 and a beta of 0.44. The company has a quick ratio of 2.07, a current ratio of 1.23 and a debt-to-equity ratio of 1.88. The business has a 50-day simple moving average of C$12.34 and a two-hundred day simple moving average of C$10.18.

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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