Headwater Exploration (CDDRF) Expected to Announce Quarterly Earnings on Thursday

Headwater Exploration (OTCMKTS:CDDRF) is projected to post 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 Trading Up 0.4%

Headwater Exploration stock opened at $10.87 on Tuesday. The business’s 50-day simple moving average is $10.03 and its 200 day simple moving average is $9.17. Headwater Exploration has a 12-month low of $5.17 and a 12-month high of $10.87.

Analyst Ratings Changes

Several analysts have weighed in on CDDRF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Headwater Exploration in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Headwater Exploration in a research note on Monday, July 27th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Headwater Exploration in a research report on Wednesday, September 16th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Headwater Exploration presently 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.