Headwater Exploration (TSE:HWX) Given New C$10.00 Price Target at CIBC

Headwater Exploration (TSE:HWX) had its target price hoisted by CIBC from C$8.50 to C$10.00 in a report issued on Wednesday morning,BayStreet.CA reports.

Headwater Exploration Stock Up 0.1%

Headwater Exploration stock opened at C$7.17 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.07 and a current ratio of 1.54. Headwater Exploration has a 52-week low of C$4.75 and a 52-week high of C$7.95. The firm has a 50 day moving average price of C$7.18 and a two-hundred day moving average price of C$6.68. The firm has a market cap of C$1.70 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.83 and a beta of 0.71.

About Headwater Exploration

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.