Headwater Exploration (TSE:HWX) Given New C$9.00 Price Target at National Bankshares

Headwater Exploration (TSE:HWX) had its target price cut by equities researchers at National Bankshares from C$9.50 to C$9.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 45.63% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Atb Cap Markets raised shares of Headwater Exploration to a “strong-buy” rating in a research report on Tuesday, December 3rd. Raymond James upgraded shares of Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Headwater Exploration presently has an average rating of “Buy” and a consensus price target of C$9.38.

Headwater Exploration Stock Down 1.9 %

HWX traded down C$0.12 on Thursday, reaching C$6.18. 563,297 shares of the company traded hands, compared to its average volume of 739,979. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 0.83 and a beta of 1.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.53 and a quick ratio of 2.07. The stock’s 50 day moving average price is C$6.80 and its 200-day moving average price is C$6.88. Headwater Exploration has a 52-week low of C$5.88 and a 52-week high of C$8.57.

Headwater Exploration Company Profile

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.