Headwater Exploration (TSE:HWX) Price Target Raised to C$8.75 at Desjardins

Headwater Exploration (TSE:HWX) had its price target raised by Desjardins from C$8.00 to C$8.75 in a research note issued to investors on Monday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Separately, CIBC raised their price target on shares of Headwater Exploration from C$8.50 to C$10.00 in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Headwater Exploration has a consensus rating of “Buy” and an average price target of C$9.25.

Headwater Exploration Stock Performance

Headwater Exploration stock opened at C$8.81 on Monday. The stock has a 50-day simple moving average of C$7.65 and a 200 day simple moving average of C$7.10. The stock has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.83 and a beta of 0.41. The company has a quick ratio of 2.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Headwater Exploration has a 12-month low of C$4.75 and a 12-month high of C$9.15.

Headwater Exploration (TSE:HWX) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.15 EPS for the quarter. Headwater Exploration had a net margin of 35.52% and a return on equity of 28.63%. The firm had revenue of C$178.70 million for the quarter. On average, research analysts anticipate that Headwater Exploration will post 0.6296296 earnings per share for the current fiscal year.

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.