Analysts Set Headwater Exploration Inc. (TSE:HWX) PT at C$11.68

Shares of Headwater Exploration Inc. (TSE:HWX) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$11.68.

HWX has been the topic of several recent research reports. Royal Bank Of Canada lifted their price objective on shares of Headwater Exploration from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Monday, March 9th. Desjardins lifted their price objective on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the stock a “hold” rating in a research note on Friday, March 6th. National Bank Financial lifted their price objective on shares of Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, BMO Capital Markets lifted their price target on Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, March 6th.

Headwater Exploration Stock Performance

HWX stock opened at C$13.45 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 2.07 and a current ratio of 1.23. The stock has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.83 and a beta of 0.44. Headwater Exploration has a 1 year low of C$5.63 and a 1 year high of C$13.69. The stock’s fifty day moving average is C$12.49 and its two-hundred day moving average is C$10.38.

Headwater Exploration (TSE:HWX) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.12 earnings per share for the quarter. Headwater Exploration had a net margin of 26.93% and a return on equity of 20.71%. The business had revenue of C$133.81 million for the quarter. On average, research analysts predict that Headwater Exploration will post 0.6296296 EPS for the current 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.