Desjardins Boosts Headwater Exploration (TSE:HWX) Price Target to C$7.00

Headwater Exploration (TSE:HWX) had its price target boosted by investment analysts at Desjardins from C$6.75 to C$7.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price objective suggests a potential upside of 20.90% from the stock’s current price.

HWX has been the subject of several other research reports. Raymond James raised Headwater Exploration from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 7th. CIBC dropped their price target on Headwater Exploration from C$9.00 to C$8.50 in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$8.63.

Headwater Exploration Stock Up 2.3 %

Shares of TSE:HWX opened at C$5.79 on Monday. The firm has a fifty day moving average price of C$5.90 and a two-hundred day moving average price of C$6.50. The company has a market cap of C$1.37 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.83 and a beta of 1.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 2.07. Headwater Exploration has a one year low of C$4.75 and a one year high of C$7.83.

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.