Headwater Exploration (TSE:HWX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Headwater Exploration (TSE:HWX) had its price objective lifted by stock analysts at BMO Capital Markets from C$11.00 to C$13.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 9.67% from the company’s current price.

HWX has been the topic of a number of other research reports. ATB Cormark Capital Markets upped their target price on Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. National Bank Financial upped their price target on Headwater Exploration from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Friday. Raymond James Financial downgraded Headwater Exploration from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$9.00 to C$9.50 in a report on Tuesday, December 9th. Desjardins boosted their target price on shares of Headwater Exploration from C$11.00 to C$11.75 and gave the company a “hold” rating in a report on Friday. Finally, Royal Bank Of Canada upped their target price on shares of Headwater Exploration from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Monday, January 19th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$11.39.

Headwater Exploration Trading Down 1.4%

Shares of TSE:HWX traded down C$0.17 on Friday, hitting C$12.31. The company had a trading volume of 924,814 shares, compared to its average volume of 871,715. The firm’s 50-day simple moving average is C$10.91 and its two-hundred day simple moving average is C$8.90. The firm has a market capitalization of C$2.94 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.83 and a beta of 0.51. The company has a quick ratio of 2.07, a current ratio of 1.32 and a debt-to-equity ratio of 1.83. Headwater Exploration has a 1 year low of C$4.75 and a 1 year high of C$13.29.

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.