Shares of Headwater Exploration Inc. (TSE:HWX - Get Free Report) were down 1% on Tuesday . The stock traded as low as C$6.76 and last traded at C$6.78. Approximately 673,969 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 651,811 shares. The stock had previously closed at C$6.85.
Analyst Ratings Changes
Separately, Desjardins boosted their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$8.17.
Read Our Latest Research Report on Headwater Exploration
Headwater Exploration Stock Down 1.0%
The company has a quick ratio of 2.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of C$6.98 and a two-hundred day simple moving average of C$6.45. The stock has a market cap of C$1.61 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.83 and a beta of 1.55.
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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