Headwater Exploration Inc. (TSE:HWX) Stock Has Consensus Target Price of C$12.36

Shares of Headwater Exploration Inc. (TSE:HWX) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$12.36.

HWX has been the topic of several analyst reports. Desjardins set a C$14.50 target price on shares of Headwater Exploration and gave the stock a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada boosted their price objective on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th.

Headwater Exploration Price Performance

HWX opened at C$13.60 on Wednesday. The stock has a 50-day moving average price of C$13.67 and a 200-day moving average price of C$12.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 2.07. The firm has a market cap of C$3.23 billion, a PE ratio of 17.44, a P/E/G ratio of 0.83 and a beta of 0.55. Headwater Exploration has a 1 year low of C$6.80 and a 1 year high of C$14.71.

Headwater Exploration (TSE:HWX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported C$0.36 EPS for the quarter. The company had revenue of C$227.67 million for the quarter. Headwater Exploration had a net margin of 27.85% and a return on equity of 24.24%. Sell-side analysts predict that Headwater Exploration will post 0.6296296 earnings per share for the current fiscal 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.