Headwater Exploration (TSE:HWX) Price Target Raised to C$11.75 at Desjardins

Headwater Exploration (TSE:HWX) had its price objective increased by Desjardins from C$11.00 to C$11.75 in a research note released on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

HWX has been the subject of a number of other reports. Raymond James Financial downgraded Headwater Exploration from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$9.00 to C$9.50 in a research report on Tuesday, December 9th. ATB Cormark Capital Markets boosted their price target on 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. Royal Bank Of Canada upped their price objective on shares of Headwater Exploration from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Monday, January 19th. Finally, National Bank Financial increased their price objective on shares of Headwater Exploration from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Headwater Exploration currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.39.

Headwater Exploration Price Performance

TSE:HWX traded down C$0.19 during trading hours on Friday, reaching C$12.29. 1,338,288 shares of the company were exchanged, compared to its average volume of 882,624. The business has a 50 day moving average of C$10.97 and a 200 day moving average of C$8.94. 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 company 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.

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.