Headwater Exploration Inc. (TSE:HWX) Stock Has Consensus Price Target of C$12.75 According to Analysts

Headwater Exploration Inc. (TSE:HWX) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$12.75.

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Desjardins set a C$14.50 price objective on shares of Headwater Exploration and gave the company a “hold” rating in a report on Friday, July 17th.

Headwater Exploration Trading Down 1.3%

HWX stock opened at C$14.21 on Friday. The company has a quick ratio of 2.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.22. Headwater Exploration has a twelve month low of C$7.18 and a twelve month high of C$15.26. The company has a market cap of C$3.38 billion, a P/E ratio of 18.22, a PEG ratio of 0.83 and a beta of 0.65. The business has a fifty day moving average of C$14.09 and a 200-day moving average of C$12.84.

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.