Brokerages Set Headwater Exploration Inc. (TSE:HWX) PT at C$11.68

Headwater Exploration Inc. (TSE:HWX) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$11.68.

HWX has been the subject of several recent analyst reports. ATB Cormark Capital Markets upped their target price on Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Royal Bank Of Canada lifted their price target on Headwater Exploration from C$11.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Monday, March 9th. Desjardins boosted their price target on Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a report on Friday, March 6th. National Bank Financial upped their price objective on Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, BMO Capital Markets raised their price objective on Headwater Exploration from C$11.00 to C$13.50 and gave the company an “outperform” rating in a research note on Friday, March 6th.

Headwater Exploration Stock Performance

TSE HWX opened at C$12.48 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 2.07 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of C$2.97 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 0.83 and a beta of 0.51. The firm’s 50 day simple moving average is C$12.10 and its 200 day simple moving average is C$9.71. Headwater Exploration has a 1 year low of C$4.75 and a 1 year high of C$13.56.

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.