Headwater Exploration (TSE:HWX - Get Free Report) had its price objective cut by stock analysts at National Bankshares from C$9.50 to C$9.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price target would indicate a potential upside of 45.16% from the company's previous close.
Several other analysts have also recently weighed in on HWX. Atb Cap Markets upgraded Headwater Exploration to a "strong-buy" rating in a report on Tuesday, December 3rd. Raymond James raised shares of Headwater Exploration to a "hold" rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$9.38.
View Our Latest Stock Report on HWX
Headwater Exploration Price Performance
Shares of HWX traded down C$0.10 during trading hours on Thursday, reaching C$6.20. The stock had a trading volume of 824,184 shares, compared to its average volume of 741,115. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 1.53. Headwater Exploration has a 12 month low of C$5.88 and a 12 month high of C$8.57. The stock has a market capitalization of C$1.47 billion, a PE ratio of 7.95, a PEG ratio of 0.83 and a beta of 1.55. The company's 50-day moving average is C$6.80 and its two-hundred day moving average is C$6.88.
About Headwater Exploration
(
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Headwater 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.
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