Headwater Exploration Inc. (TSE:HWX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Headwater Exploration Inc. (TSE:HWX) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$11.68.

Several research analysts have recently issued reports on the stock. ATB Cormark Capital Markets boosted their price objective on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Raymond James Financial cut shares of Headwater Exploration from a “moderate buy” rating to a “hold” rating and increased their target price for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 9th. BMO Capital Markets lifted their target price on Headwater Exploration from C$11.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday, March 6th. National Bank Financial boosted their price target on Headwater Exploration from C$11.50 to C$13.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Royal Bank Of Canada upped their price target on Headwater Exploration from C$11.00 to C$13.00 and gave the company a “sector perform” rating in a report on Monday, March 9th.

Headwater Exploration Price Performance

TSE:HWX opened at C$12.99 on Tuesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.23 and a quick ratio of 2.07. Headwater Exploration has a one year low of C$4.75 and a one year high of C$13.56. The company has a fifty day moving average price of C$11.99 and a 200 day moving average price of C$9.64. The stock has a market cap of C$3.09 billion, a P/E ratio of 20.30, a PEG ratio of 0.83 and a beta of 0.51.

About Headwater Exploration

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.