Headwater Exploration (TSE:HWX) Price Target Raised to C$13.50 at BMO Capital Markets

Headwater Exploration (TSE:HWX) had its price target upped by BMO Capital Markets from C$11.00 to C$13.50 in a research report report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also commented on HWX. National Bank Financial lifted their price objective on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday. ATB Cormark Capital Markets raised 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 note on Thursday, December 4th. Royal Bank Of Canada lifted their price target on shares of Headwater Exploration from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Monday, January 19th. Raymond James Financial downgraded Headwater Exploration from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 9th. Finally, Desjardins increased their price objective on Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.39.

Headwater Exploration Stock Performance

Shares of TSE:HWX traded down C$0.19 during midday trading on Friday, reaching C$12.29. The company had a trading volume of 1,338,288 shares, compared to its average volume of 882,624. The stock has a market cap 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. The company’s 50 day moving average price is C$10.97 and its 200 day moving average price is C$8.94. The company has a current ratio of 1.32, a quick ratio of 2.07 and a debt-to-equity ratio of 1.83. Headwater Exploration has a 52-week low of C$4.75 and a 52-week high of C$13.29.

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.