National Bankshares Forecasts Strong Price Appreciation for Headwater Exploration (TSE:HWX) Stock

Headwater Exploration (TSE:HWX) had its target price boosted by research analysts at National Bankshares from C$10.50 to C$11.50 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 2.86% from the stock’s previous close.

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

Headwater Exploration Price Performance

Headwater Exploration stock traded up C$0.25 during midday trading on Tuesday, reaching C$11.18. The company had a trading volume of 367,576 shares, compared to its average volume of 844,342. The company has a market capitalization of C$2.67 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.83 and a beta of 0.56. The firm’s fifty day simple moving average is C$9.64 and its 200-day simple moving average is C$8.15. Headwater Exploration has a 12-month low of C$4.75 and a 12-month high of C$11.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 2.07.

Headwater Exploration (TSE:HWX) last issued 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 return on equity of 28.63% and a net margin of 35.52%. As a group, equities analysts anticipate that Headwater Exploration will post 0.6296296 EPS for the current 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.