Headwater Exploration (TSE:HWX) Sets New 52-Week High – Here’s What Happened

Headwater Exploration Inc. (TSE:HWX)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$11.16 and last traded at C$11.04, with a volume of 91985 shares traded. The stock had previously closed at C$10.95.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HWX shares. CIBC increased their target price on Headwater Exploration from C$8.50 to C$10.00 in a research note on Wednesday, October 15th. Desjardins boosted their target price on shares of Headwater Exploration from C$8.75 to C$9.50 and gave the company a “hold” rating in a research report on Thursday, December 4th. National Bankshares upped their price target on Headwater Exploration from C$9.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Royal Bank Of Canada upped their price target on Headwater Exploration from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research note on Monday, January 19th. Finally, Raymond James Financial downgraded shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$10.25.

Headwater Exploration Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 2.07. The firm has a fifty day moving average of C$9.39 and a 200 day moving average of C$8.00. The stock has a market cap of C$2.64 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.83 and a beta of 0.56.

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