Headwater Exploration (CDDRF) Expected to Announce Earnings on Thursday

Headwater Exploration (OTCMKTS:CDDRF) will likely be posting its results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $0.2014 per share and revenue of $102.54 million for the quarter.

Headwater Exploration Stock Down 0.7%

Shares of CDDRF opened at $10.48 on Thursday. The company has a 50-day simple moving average of $9.98 and a 200-day simple moving average of $9.40. Headwater Exploration has a 52 week low of $4.96 and a 52 week high of $10.64.

Analyst Ratings Changes

CDDRF has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Headwater Exploration in a research report on Friday, July 24th. Raymond James Financial restated a “market perform” rating on shares of Headwater Exploration in a research note on Wednesday, September 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Headwater Exploration in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Headwater Exploration Company Profile

Headwater Exploration Inc is a Canadian oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on developing conventional petroleum assets in Western Canada, with an emphasis on oil-weighted opportunities and efficient, repeatable drilling programs.

Headwater’s operations are primarily located in Alberta, including its Clearwater-area properties in the province’s heavy-oil region. Its activities include land acquisition, geological evaluation, drilling, completion, production, and the development of related infrastructure.