Hammerhead Energy (NASDAQ:HHRS) PT Raised to C$18.00

Hammerhead Energy (NASDAQ:HHRS) had its target price lifted by analysts at Royal Bank of Canada from C$16.00 to C$18.00 in a research report issued to clients and investors on Thursday, FlyOnTheWall reports.

HHRS has been the subject of a number of other reports. BMO Capital Markets began coverage on Hammerhead Energy in a report on Wednesday, August 23rd. They set an “outperform” rating for the company. Stifel Nicolaus started coverage on Hammerhead Energy in a report on Tuesday, June 27th. They issued a “buy” rating for the company.

Hammerhead Energy Stock Performance

Shares of Hammerhead Energy stock opened at $11.44 on Thursday. The business has a fifty day moving average of $9.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. Hammerhead Energy has a 1 year low of $6.00 and a 1 year high of $39.30.

Hammerhead Energy (NASDAQ:HHRS) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.16 earnings per share for the quarter. The business had revenue of $127.37 million for the quarter.

Hedge Funds Weigh In On Hammerhead Energy

Institutional investors and hedge funds have recently modified their holdings of the business. BOKF NA bought a new stake in Hammerhead Energy in the 2nd quarter valued at $371,000. Geode Capital Management LLC acquired a new stake in shares of Hammerhead Energy during the 1st quarter worth $147,000. Jane Street Group LLC acquired a new stake in shares of Hammerhead Energy during the 1st quarter worth $95,000. Hartree Partners LP bought a new stake in shares of Hammerhead Energy during the 2nd quarter worth $1,241,000. Finally, Bank of Montreal Can bought a new position in Hammerhead Energy in the second quarter valued at about $160,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Hammerhead Energy Company Profile

Hammerhead Energy Inc operates as an oil and gas company that develops multi-zone liquids-rich oil and gas properties in the Alberta Montney. The company was formerly known as Canadian International Oil Corp. and changed its name to Hammerhead Resources Inc in July 2017. Hammerhead Energy Inc was incorporated in 2009 and is based in Calgary, Canada.