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

Headwater Exploration (TSE:HWX) had its price target upped by equities researchers at Desjardins from C$11.00 to C$11.75 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential downside of 4.55% from the stock’s previous close.

HWX has been the topic of several other reports. National Bank Financial increased their target price on shares of Headwater Exploration from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. 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. Raymond James Financial lowered 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 research report on Tuesday, December 9th. Finally, Royal Bank Of Canada lifted their price objective on Headwater Exploration from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a report on Monday, January 19th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Headwater Exploration has an average rating of “Moderate Buy” and a consensus target price of C$11.39.

Headwater Exploration Trading Down 1.4%

Shares of HWX stock traded down C$0.17 during trading hours on Friday, reaching C$12.31. The company had a trading volume of 924,814 shares, compared to its average volume of 871,715. 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 1.83, a current ratio of 1.32 and a quick ratio of 2.07. The firm has a market cap of C$2.94 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.83 and a beta of 0.51. The company has a 50 day moving average of C$10.91 and a 200 day moving average of C$8.90.

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.