National Bank Financial Increases Headwater Exploration (TSE:HWX) Price Target to C$13.00

Headwater Exploration (TSE:HWX) had its price objective lifted by analysts at National Bank Financial from C$11.50 to C$13.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 5.78% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada lifted their target price on Headwater Exploration from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Monday, January 19th. Desjardins raised their price objective on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a research note on Friday. ATB Cormark Capital Markets increased 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. Finally, Raymond James Financial lowered 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 research report on Tuesday, December 9th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$11.39.

Headwater Exploration Trading Down 1.5%

Shares of TSE HWX opened at C$12.29 on Friday. Headwater Exploration has a 1-year low of C$4.75 and a 1-year 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. The business’s 50 day moving average is C$10.97 and its two-hundred day moving average is C$8.96. The stock has a market capitalization of C$2.93 billion, a P/E ratio of 16.84, a PEG 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.