Headwater Exploration (TSE:HWX) Price Target Raised to C$13.00

Headwater Exploration (TSE:HWX) had its price target increased by Royal Bank Of Canada from C$11.00 to C$13.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on HWX. National Bank Financial boosted their price objective on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Raymond James Financial cut shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and raised their target price for the stock from C$9.00 to C$9.50 in a research note on Tuesday, December 9th. Desjardins lifted their target price on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a report on Friday, March 6th. ATB Cormark Capital Markets boosted 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. Finally, BMO Capital Markets increased their price target on shares of Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Headwater Exploration currently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.68.

Headwater Exploration Price Performance

Headwater Exploration stock opened at C$12.84 on Monday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.23 and a quick ratio of 2.07. The business has a 50 day simple moving average of C$11.16 and a 200-day simple moving average of C$9.08. Headwater Exploration has a 12 month low of C$4.75 and a 12 month high of C$13.29. The stock has a market capitalization of C$3.07 billion, a PE ratio of 17.59, 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.