Headwater Exploration (TSE:HWX) PT Lowered to C$8.50

Headwater Exploration (TSE:HWXGet Free Report) had its target price reduced by research analysts at Stifel Nicolaus from C$9.00 to C$8.50 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 35.14% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Desjardins lowered their price objective on Headwater Exploration from C$10.00 to C$8.75 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Royal Bank of Canada boosted their price target on Headwater Exploration from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. Finally, Raymond James lowered their target price on Headwater Exploration from C$10.00 to C$8.00 and set an “outperform” rating for the company in a report on Friday, January 19th.

Read Our Latest Analysis on HWX

Headwater Exploration Trading Up 3.5 %

Headwater Exploration stock opened at C$6.29 on Monday. Headwater Exploration has a 52 week low of C$5.66 and a 52 week high of C$7.79. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.83 and a beta of 1.40. The stock has a 50-day moving average price of C$6.36 and a 200 day moving average price of C$6.93. The company has a quick ratio of 2.07, a current ratio of 1.31 and a debt-to-equity ratio of 0.16.

Headwater Exploration (TSE:HWXGet Free Report) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.21. Headwater Exploration had a return on equity of 27.04% and a net margin of 35.85%. The company had revenue of C$144.00 million for the quarter. Sell-side analysts anticipate that Headwater Exploration will post 0.6 EPS for the current year.

Insider Buying and Selling at Headwater Exploration

In other news, Director Jason Jowill Jaskela sold 64,716 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of C$6.50, for a total value of C$420,692.83. In other news, Director Phillip R. Knoll sold 15,600 shares of Headwater Exploration stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of C$6.12, for a total transaction of C$95,406.48. Also, Director Jason Jowill Jaskela sold 64,716 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of C$6.50, for a total transaction of C$420,692.83. Corporate insiders own 4.88% of the company’s stock.

Headwater Exploration Company Profile

(Get Free Report)

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.

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