Headwater Exploration (TSE:HWX) Given New C$13.00 Price Target at Royal Bank Of Canada

Headwater Exploration (TSE:HWX) had its target price lifted by Royal Bank Of Canada from C$11.00 to C$13.00 in a research note released on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial cut shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$9.00 to C$9.50 in a research report on Tuesday, December 9th. Desjardins increased their target price on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a report on Friday. National Bank Financial increased their price target on Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday. ATB Cormark Capital Markets lifted their price objective on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, BMO Capital Markets boosted their price target on Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$11.68.

Headwater Exploration Trading Down 0.3%

TSE:HWX opened at C$12.25 on Monday. The business’s 50-day moving average is C$11.03 and its two-hundred day moving average is C$9.01. The firm has a market capitalization of C$2.92 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 0.83 and a beta of 0.51. Headwater Exploration has a 12 month low of C$4.75 and a 12 month high of C$13.29. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.23 and a quick ratio of 2.07.

About Headwater Exploration

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.