Headwater Exploration Inc. (TSE:HWX - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as C$5.70 and last traded at C$5.74, with a volume of 221332 shares changing hands. The stock had previously closed at C$6.04.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on HWX shares. National Bankshares dropped their target price on Headwater Exploration from C$9.50 to C$9.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Raymond James raised Headwater Exploration from a "market perform" rating to an "outperform" rating in a research report on Tuesday, January 7th. Atb Cap Markets upgraded Headwater Exploration to a "strong-buy" rating in a research note on Tuesday, December 3rd. Finally, CIBC set a C$9.00 price target on shares of Headwater Exploration and gave the company an "outperform" rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$9.54.
View Our Latest Analysis on HWX
Headwater Exploration Price Performance
The company has a quick ratio of 2.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.83 and a beta of 1.55. The company has a fifty day moving average price of C$6.70 and a two-hundred day moving average price of C$6.70.
Insider Activity
In other news, Director Phillip R. Knoll sold 5,400 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of C$6.97, for a total value of C$37,638.00. 5.08% of the stock is owned by company insiders.
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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