Headwater Exploration (TSE:HWX) Price Target Raised to C$11.50 at National Bankshares

Headwater Exploration (TSE:HWX) had its target price increased by stock analysts at National Bankshares from C$10.50 to C$11.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 2.86% from the stock’s previous close.

Several other equities analysts have also recently issued reports on HWX. Desjardins lifted their price objective on Headwater Exploration from C$8.75 to C$9.50 and gave the stock a “hold” rating in a report on Thursday, December 4th. Raymond James Financial lowered shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$9.00 to C$9.50 in a research report on Tuesday, December 9th. CIBC increased their price objective on shares of Headwater Exploration from C$8.50 to C$10.00 in a research note on Wednesday, October 15th. ATB Capital lifted their target price on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada increased their price target on shares of Headwater Exploration from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Headwater Exploration currently has an average rating of “Hold” and an average target price of C$10.42.

Headwater Exploration Stock Performance

Shares of HWX stock traded up C$0.25 during trading hours on Tuesday, hitting C$11.18. The stock had a trading volume of 367,576 shares, compared to its average volume of 844,342. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 2.07. The firm has a market capitalization of C$2.67 billion, a PE ratio of 15.32, a PEG ratio of 0.83 and a beta of 0.56. The stock’s 50 day moving average is C$9.64 and its 200 day moving average is C$8.15. Headwater Exploration has a twelve month low of C$4.75 and a twelve month high of C$11.61.

Headwater Exploration (TSE:HWX) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.15 EPS for the quarter. The firm had revenue of C$178.70 million during the quarter. Headwater Exploration had a net margin of 35.52% and a return on equity of 28.63%. As a group, research analysts forecast 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.