Headwater Exploration (TSE:HWX) Upgraded to “Outperform” at Raymond James

Headwater Exploration (TSE:HWX) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports.

A number of other equities research analysts also recently commented on the company. National Bankshares lowered their price objective on Headwater Exploration from C$9.50 to C$9.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Atb Cap Markets upgraded Headwater Exploration to a “strong-buy” rating in a report on Tuesday, December 3rd. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$9.38.

Headwater Exploration Stock Down 0.4 %

Shares of TSE HWX opened at C$7.16 on Tuesday. The firm’s 50 day moving average price is C$6.79 and its 200 day moving average price is C$6.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 1.53. The firm has a market cap of C$1.70 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. Headwater Exploration has a 1 year low of C$5.88 and a 1 year 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.