Headwater Exploration Inc. (TSE:HWX) Receives C$11.39 Consensus PT from Analysts

Shares of Headwater Exploration Inc. (TSE:HWX) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$11.39.

Several analysts have recently weighed in on HWX shares. Desjardins lifted their target price 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. Royal Bank Of Canada increased their price target on shares of 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. Raymond James Financial downgraded shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$9.00 to C$9.50 in a research report on Tuesday, December 9th. BMO Capital Markets lifted their price objective on Headwater Exploration from C$11.00 to C$13.50 and gave the company an “outperform” rating in a report on Friday. Finally, National Bank Financial boosted their target price on Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday.

Headwater Exploration Stock Performance

Shares of HWX opened at C$12.29 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 2.07 and a current ratio of 1.23. The stock has a market capitalization of C$2.93 billion, a P/E ratio of 16.84, a P/E/G ratio of 0.83 and a beta of 0.51. The company’s fifty day moving average is C$10.97 and its two-hundred day moving average is C$8.97. Headwater Exploration has a 1 year low of C$4.75 and a 1 year high of C$13.29.

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.