Headwater Exploration (TSE:HWX) Sets New 12-Month High – Here’s What Happened

Headwater Exploration Inc. (TSE:HWX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$7.95 and last traded at C$7.93, with a volume of 180675 shares trading hands. The stock had previously closed at C$7.78.

Analyst Ratings Changes

Separately, CIBC lifted their price target on shares of Headwater Exploration from C$8.50 to C$10.00 in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Headwater Exploration has a consensus rating of “Buy” and a consensus target price of C$8.67.

Headwater Exploration Price Performance

The business’s 50 day simple moving average is C$7.33 and its 200-day simple moving average is C$6.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.83 and a beta of 0.41.

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.