Headwater Exploration (TSE:HWX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Headwater Exploration (TSE:HWX) had its target price upped by research analysts at BMO Capital Markets from C$11.00 to C$13.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 9.85% from the company’s current price.

Several other research firms also recently commented on HWX. Desjardins upped their price objective on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a report on Friday. Raymond James Financial cut shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and raised their target price for the stock from C$9.00 to C$9.50 in a report on Tuesday, December 9th. Royal Bank Of Canada boosted their target price on shares of 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. National Bank Financial upped their price target on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the company an “outperform” rating in a report on Friday. Finally, ATB Cormark Capital Markets increased their price target on Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Headwater Exploration presently has an average rating of “Moderate Buy” and a consensus price target of C$11.39.

Headwater Exploration Price Performance

Shares of TSE:HWX opened at C$12.29 on Friday. Headwater Exploration has a twelve month low of C$4.75 and a twelve month high of C$13.29. The company’s 50 day moving average is C$10.97 and its 200 day moving average is C$8.96. 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 company has a market cap of C$2.93 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.51.

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.