Headwater Exploration Inc. (TSE:HWX – Get Rating) shares fell 4.1% on Monday . The stock traded as low as C$6.11 and last traded at C$6.13. 84,282 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 1,194,122 shares. The stock had previously closed at C$6.39.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on HWX. National Bankshares decreased their price objective on Headwater Exploration from C$10.50 to C$9.50 in a report on Friday, September 30th. Stifel Nicolaus reduced their target price on Headwater Exploration from C$10.50 to C$9.50 in a report on Wednesday, November 16th. Royal Bank of Canada lowered Headwater Exploration from an “outperform” rating to a “sector perform” rating and set a C$9.00 target price for the company. in a report on Friday, November 4th. Finally, Haywood Securities reduced their target price on Headwater Exploration from C$12.00 to C$11.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Headwater Exploration presently has a consensus rating of “Moderate Buy” and an average price target of C$9.54.
Headwater Exploration Stock Up 1.3 %
The company has a debt-to-equity ratio of 0.20, a current ratio of 2.15 and a quick ratio of 2.07. The company has a market cap of C$1.46 billion and a PE ratio of 9.64. The company has a fifty day moving average price of C$6.44 and a 200 day moving average price of C$6.30.
Headwater Exploration Company Profile
Headwater Exploration Inc, a junior resource company, engages in the exploration, development, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin and onshore in New Brunswick. It holds interests in the McCully Field located to the northeast of Sussex, New Brunswick; the Clearwater play located in the Marten Hills, Alberta; and the Frederick Brook shale gas prospect located in New Brunswick.
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