Headwater Exploration Inc. (TSE:HWX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Headwater Exploration Inc. (TSE:HWX) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$10.25.

Several equities analysts recently issued reports on HWX shares. Royal Bank Of Canada lifted their price objective on Headwater Exploration from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Monday. National Bankshares lifted their price target on Headwater Exploration from C$9.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Friday, December 5th. ATB Capital increased their price objective on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Raymond James Financial downgraded shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$9.00 to C$9.50 in a report on Tuesday, December 9th. Finally, CIBC upped their price target on shares of Headwater Exploration from C$8.50 to C$10.00 in a report on Wednesday, October 15th.

Headwater Exploration Price Performance

HWX traded up C$0.16 on Monday, hitting C$10.53. 389,434 shares of the company were exchanged, compared to its average volume of 754,578. Headwater Exploration has a fifty-two week low of C$4.75 and a fifty-two week high of C$10.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54. The firm has a market capitalization of C$2.51 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 0.83 and a beta of 0.56. The business’s fifty day moving average is C$9.07 and its 200 day moving average is C$7.83.

Headwater Exploration (TSE:HWX) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$178.70 million during the quarter. Headwater Exploration had a net margin of 35.52% and a return on equity of 28.63%. As a group, sell-side analysts anticipate that Headwater Exploration will post 0.6296296 EPS for the current year.

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.