Headwater Exploration Inc. (TSE:HWX) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Headwater Exploration Inc. (TSE:HWX) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$12.36.

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

Headwater Exploration Price Performance

HWX stock opened at C$13.60 on Wednesday. Headwater Exploration has a 52 week low of C$6.80 and a 52 week high of C$14.71. The firm has a market capitalization of C$3.23 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 0.83 and a beta of 0.65. The company has a fifty day simple moving average of C$13.67 and a two-hundred day simple moving average of C$12.98. 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 (TSE:HWX) last posted its earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share for the quarter. The firm had revenue of C$227.67 million for the quarter. Headwater Exploration had a net margin of 27.85% and a return on equity of 24.24%. Analysts anticipate that Headwater Exploration will post 0.6296296 earnings per share for the current fiscal year.

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.