Headwater Exploration (TSE:HWX) Given New C$13.00 Price Target at National Bank Financial

Headwater Exploration (TSE:HWX) had its price objective increased by National Bank Financial from C$11.50 to C$13.00 in a research report sent to investors on Friday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other research firms have also weighed in on HWX. Raymond James Financial lowered Headwater Exploration from a “moderate buy” rating to a “hold” rating and lifted their price objective for the stock from C$9.00 to C$9.50 in a research report on Tuesday, December 9th. Desjardins raised their target price on 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 lifted their target price on Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, Royal Bank Of Canada boosted their price target on Headwater Exploration from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$11.39.

Headwater Exploration Trading Down 1.5%

HWX stock traded down C$0.19 during midday trading on Friday, hitting C$12.29. The stock had a trading volume of 1,338,288 shares, compared to its average volume of 882,624. The company has a current ratio of 1.32, a quick ratio of 2.07 and a debt-to-equity ratio of 1.83. The firm has a market cap of C$2.93 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.51. The business has a fifty day moving average price of C$10.97 and a two-hundred day moving average price of C$8.94. Headwater Exploration has a 1-year low of C$4.75 and a 1-year high of C$13.29.

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.