Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report) shares rose 1% during trading on Thursday. The stock traded as high as $9.73 and last traded at $9.73. 21,863 shares were traded during mid-day trading, a decline of 79% from the average session volume of 101,988 shares. The stock had previously closed at $9.63.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CDDRF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Headwater Exploration in a report on Friday, July 24th. Royal Bank Of Canada restated a “sector perform” rating on shares of Headwater Exploration in a research note on Monday, July 27th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Headwater Exploration in a report on Wednesday, September 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Report on CDDRF
Headwater Exploration Trading Up 0.3%
Headwater Exploration Company Profile
Headwater Exploration Inc is a Canadian oil and natural gas exploration and production company focused primarily on developing light-oil resources in Alberta. The company’s activities include acquiring petroleum properties, drilling and completing wells, and producing and selling crude oil and natural gas.
Headwater’s operations are concentrated in the Clearwater oil play in central Alberta, including the Marten Hills area. Its development strategy emphasizes the application of horizontal drilling and multistage hydraulic fracturing to develop relatively shallow, oil-bearing formations and build repeatable production from established land positions.
The company was established in 2017 and has expanded its Alberta portfolio through acquisitions and ongoing drilling and development programs.
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