CIBC Forecasts Strong Price Appreciation for Headwater Exploration (TSE:HWX) Stock

Headwater Exploration (TSE:HWXGet Free Report) had its price target hoisted by CIBC from C$8.50 to C$10.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 42.86% from the company’s previous close.

Headwater Exploration Stock Down 2.4%

Shares of Headwater Exploration stock opened at C$7.00 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54. Headwater Exploration has a 52-week low of C$4.75 and a 52-week high of C$7.95. The company’s 50 day moving average price is C$7.18 and its 200-day moving average price is C$6.69. The stock has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 0.83 and a beta of 0.71.

Headwater Exploration Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Headwater Exploration (TSE:HWX)

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