Headwater Exploration (TSE:HWX) Price Target Raised to C$13.00 at Royal Bank Of Canada

Headwater Exploration (TSE:HWX) had its price target upped by equities researchers at Royal Bank Of Canada from C$11.00 to C$13.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 6.30% from the stock’s current price.

HWX has been the topic of several other research reports. BMO Capital Markets lifted their price objective on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday. Desjardins raised their target price on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a report on Friday. ATB Cormark Capital Markets lifted their price target on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Raymond James Financial cut 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 report on Tuesday, December 9th. Finally, National Bank Financial increased their price objective on Headwater Exploration from C$11.50 to C$13.00 and gave the company an “outperform” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$11.68.

Headwater Exploration Price Performance

Headwater Exploration stock traded down C$0.06 during midday trading on Monday, hitting C$12.23. The company’s stock had a trading volume of 675,330 shares, compared to its average volume of 877,115. The company has a quick ratio of 2.07, a current ratio of 1.23 and a debt-to-equity ratio of 1.88. The stock’s 50-day moving average price is C$10.97 and its 200-day moving average price is C$8.97. Headwater Exploration has a 12 month low of C$4.75 and a 12 month high of C$13.29. The company has a market capitalization of C$2.92 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.83 and a beta of 0.51.

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.