Headwater Exploration Inc. (TSE:HWX - Get Free Report) has received a consensus recommendation of "Buy" from the six analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$9.54.
HWX has been the topic of several research analyst reports. National Bankshares reduced their price objective on Headwater Exploration from C$9.50 to C$9.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Atb Cap Markets raised Headwater Exploration to a "strong-buy" rating in a research note on Tuesday, December 3rd. Raymond James raised Headwater Exploration from a "market perform" rating to an "outperform" rating in a research note on Tuesday, January 7th. Finally, CIBC set a C$9.00 price objective on Headwater Exploration and gave the company an "outperform" rating in a research note on Thursday, January 30th.
View Our Latest Research Report on Headwater Exploration
Insiders Place Their Bets
In related news, Director Phillip R. Knoll sold 5,400 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$6.97, for a total transaction of C$37,638.00. 5.08% of the stock is owned by company insiders.
Headwater Exploration Price Performance
Headwater Exploration stock traded down C$0.21 during midday trading on Tuesday, reaching C$6.64. 478,071 shares of the company were exchanged, compared to its average volume of 648,038. The company has a market capitalization of C$1.57 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 0.83 and a beta of 1.55. The firm's 50-day simple moving average is C$6.81 and its 200-day simple moving average is C$6.76. Headwater Exploration has a 1 year low of C$6.15 and a 1 year high of C$8.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54.
Headwater Exploration Company Profile
(
Get Free ReportHeadwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.
Further Reading
Before you consider Headwater Exploration, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Headwater Exploration wasn't on the list.
While Headwater Exploration currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
