Shares of Headwater Exploration Inc. (TSE:HWX – Get Rating) traded down 4.1% during trading on Monday . The stock traded as low as C$6.11 and last traded at C$6.13. 84,282 shares were traded during trading, a decline of 93% from the average session volume of 1,194,122 shares. The stock had previously closed at C$6.39.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on HWX. Haywood Securities cut their target price on Headwater Exploration from C$12.00 to C$11.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Stifel Nicolaus cut their target price on Headwater Exploration from C$10.50 to C$9.50 in a report on Wednesday, November 16th. Royal Bank of Canada cut Headwater Exploration from an “outperform” rating to a “sector perform” rating and set a C$9.00 target price on the stock. in a report on Friday, November 4th. Finally, National Bankshares cut their target price on Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$9.54.
Headwater Exploration Trading Up 1.3 %
The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.07 and a current ratio of 2.15. The firm has a 50 day simple moving average of C$6.44 and a two-hundred day simple moving average of C$6.30. The firm has a market capitalization of C$1.46 billion and a P/E ratio of 9.64.
Headwater Exploration Company Profile
Headwater Exploration Inc, a junior resource company, engages in the exploration, development, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin and onshore in New Brunswick. It holds interests in the McCully Field located to the northeast of Sussex, New Brunswick; the Clearwater play located in the Marten Hills, Alberta; and the Frederick Brook shale gas prospect located in New Brunswick.
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