Headwater Exploration (CDDRF) Projected to Post Quarterly Earnings on Thursday

Headwater Exploration (OTCMKTS:CDDRF) is expected to announce its results before the market opens on Thursday, March 5th. Analysts expect the company to announce earnings of $0.0947 per share and revenue of $100.60 million for the quarter.

Headwater Exploration Trading Down 2.7%

Shares of CDDRF opened at $9.09 on Wednesday. Headwater Exploration has a 12-month low of $3.17 and a 12-month high of $9.68. The business’s fifty day moving average is $7.86 and its 200 day moving average is $6.40.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CDDRF shares. BMO Capital Markets restated an “outperform” rating on shares of Headwater Exploration in a report on Monday, January 19th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Headwater Exploration in a research report on Friday, December 5th. National Bank Financial reaffirmed an “outperform” rating on shares of Headwater Exploration in a research report on Friday, December 5th. Finally, Raymond James Financial downgraded Headwater Exploration from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Headwater Exploration

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. Headwater Exploration Inc incorporated in 1996 and is headquartered in Calgary, Canada.