Headwater Exploration (TSE:HWX - Get Free Report) was upgraded by research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a research note issued on Tuesday,BayStreet.CA reports.
Several other equities research analysts have also recently weighed in on HWX. Atb Cap Markets raised Headwater Exploration to a "strong-buy" rating in a research note on Tuesday, December 3rd. National Bankshares cut their target price on Headwater Exploration from C$9.50 to C$9.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Headwater Exploration currently has a consensus rating of "Buy" and an average price target of C$9.38.
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Headwater Exploration Stock Performance
Shares of Headwater Exploration stock traded up C$0.33 during trading hours on Tuesday, hitting C$7.19. 1,441,291 shares of the company's stock traded hands, compared to its average volume of 742,161. The company has a fifty day simple moving average of C$6.77 and a 200-day simple moving average of C$6.83. 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$1.71 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.83 and a beta of 1.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.53 and a quick ratio of 2.07.
Headwater Exploration Company Profile
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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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