Headwater Exploration Inc. (TSE:HWX) Stock Has Average Price Target of C$12.75 According to Brokerages

Shares of Headwater Exploration Inc. (TSE:HWX) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$12.75.

Several research analysts have recently weighed in on HWX shares. Desjardins set a C$14.50 price target on shares of Headwater Exploration and gave the company a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada upped their price objective on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Monday, July 27th.

Headwater Exploration Stock Up 3.0%

Shares of TSE:HWX opened at C$15.17 on Friday. The company has a quick ratio of 2.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of C$14.02 and a two-hundred day moving average of C$13.15. The stock has a market cap of C$3.61 billion, a P/E ratio of 19.45, a PEG ratio of 0.83 and a beta of 0.65. Headwater Exploration has a 52-week low of C$7.02 and a 52-week high of C$15.24.

Headwater Exploration (TSE:HWX) last issued its earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%. The business had revenue of C$227.67 million during the quarter. On average, research analysts expect that Headwater Exploration will post 0.63 earnings per share for the current year.

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.