Shares of Headwater Exploration Inc. (TSE:HWX – Get Free Report) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$9.54.
HWX has been the topic of a number of research analyst reports. National Bankshares decreased their price target on Headwater Exploration from C$9.50 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Raymond James upgraded Headwater Exploration from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 7th. Atb Cap Markets raised Headwater Exploration to a “strong-buy” rating in a report on Tuesday, December 3rd. Finally, CIBC set a C$9.00 price objective on shares of Headwater Exploration and gave the stock an “outperform” rating in a report on Thursday, January 30th.
Headwater Exploration Stock Performance
Insider Activity
In related news, Director Phillip R. Knoll sold 5,400 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of C$6.97, for a total value of C$37,638.00. 5.08% of the stock is currently owned by insiders.
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.
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