Royal Bank Of Canada Issues Positive Forecast for Headwater Exploration (TSE:HWX) Stock Price

Headwater Exploration (TSE:HWX) had its target price increased by stock analysts at Royal Bank Of Canada from C$10.00 to C$11.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 4.66% from the company’s current price.

HWX has been the topic of a number of other research reports. Raymond James Financial downgraded shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and raised their price target for the company from C$9.00 to C$9.50 in a report on Tuesday, December 9th. ATB Capital boosted their price target on 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. CIBC upped their price target on Headwater Exploration from C$8.50 to C$10.00 in a research note on Wednesday, October 15th. National Bankshares raised their price objective on Headwater Exploration from C$9.00 to C$10.50 and gave the company an “outperform” rating in a research note on Friday, December 5th. Finally, Desjardins boosted their target price on Headwater Exploration from C$8.75 to C$9.50 and gave the stock a “hold” rating in a report on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Headwater Exploration has a consensus rating of “Moderate Buy” and an average price target of C$10.25.

Headwater Exploration Stock Up 1.4%

Shares of Headwater Exploration stock traded up C$0.14 during trading on Monday, hitting C$10.51. 302,204 shares of the stock traded hands, compared to its average volume of 748,112. The stock has a market cap of C$2.51 billion, a P/E ratio of 14.40, a PEG ratio of 0.83 and a beta of 0.56. The company has a fifty day moving average price of C$9.07 and a two-hundred day moving average price of C$7.83. Headwater Exploration has a twelve month low of C$4.75 and a twelve month high of C$10.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54.

Headwater Exploration (TSE:HWX) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.15 EPS for the quarter. The firm had revenue of C$178.70 million for the quarter. Headwater Exploration had a return on equity of 28.63% and a net margin of 35.52%. Equities research analysts predict that Headwater Exploration will post 0.6296296 EPS for the current fiscal year.

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.