National Bankshares Issues Positive Forecast for Headwater Exploration (TSE:HWX) Stock Price

Headwater Exploration (TSE:HWX) had its price objective boosted by National Bankshares from C$10.50 to C$11.50 in a research note published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on HWX. Raymond James Financial cut shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and raised their price target for the stock from C$9.00 to C$9.50 in a report on Tuesday, December 9th. ATB Capital raised their target price on Headwater Exploration from C$8.75 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Royal Bank Of Canada boosted their target price on Headwater Exploration from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Monday, January 19th. CIBC upped their price target on Headwater Exploration from C$8.50 to C$10.00 in a research note on Wednesday, October 15th. Finally, Desjardins increased their price target on Headwater Exploration from C$8.75 to C$9.50 and gave the stock a “hold” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Headwater Exploration presently has an average rating of “Hold” and a consensus price target of C$10.42.

Headwater Exploration Trading Up 3.6%

TSE HWX opened at C$11.32 on Tuesday. The company has a market cap of C$2.70 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 0.83 and a beta of 0.59. Headwater Exploration has a twelve month low of C$4.75 and a twelve month high of C$11.61. The company has a quick ratio of 2.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average is C$9.69 and its 200 day moving average is C$8.18.

Headwater Exploration (TSE:HWX) last posted its earnings results on Wednesday, October 29th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$178.70 million for the quarter. Headwater Exploration had a net margin of 35.52% and a return on equity of 28.63%. As a group, sell-side analysts expect that Headwater Exploration will post 0.6296296 EPS for the current fiscal year.

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.