Headwater Exploration (CDDRF) Projected to Post Quarterly Earnings on Thursday

Headwater Exploration (OTCMKTS:CDDRF) will likely be issuing its results before the market opens on Thursday, March 5th. Analysts expect the company to announce earnings of $0.0947 per share and revenue of $100.60 million for the quarter.

Headwater Exploration Trading Down 1.2%

Shares of OTCMKTS CDDRF opened at $8.72 on Thursday. Headwater Exploration has a 12 month low of $3.17 and a 12 month high of $8.88. The company has a 50-day simple moving average of $7.67 and a 200-day simple moving average of $6.28.

Analyst Ratings Changes

Several analysts have commented on CDDRF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Headwater Exploration in a research note on Friday, December 5th. BMO Capital Markets reissued an “outperform” rating on shares of Headwater Exploration in a research note on Monday, January 19th. Raymond James Financial downgraded Headwater Exploration from an “outperform” rating to a “market perform” rating in a research report on Monday, December 8th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Headwater Exploration in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

About Headwater Exploration

Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020. Headwater Exploration Inc incorporated in 1996 and is headquartered in Calgary, Canada.