Headwater Exploration Inc. (TSE:HWX – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$12.88 and traded as low as C$11.79. Headwater Exploration shares last traded at C$11.80, with a volume of 1,454,158 shares traded.
Wall Street Analyst Weigh In
HWX has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on Headwater Exploration from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Desjardins set a C$14.50 target price on Headwater Exploration and gave the stock a “hold” rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Headwater Exploration presently has an average rating of “Moderate Buy” and an average price target of C$12.75.
View Our Latest Research Report on Headwater Exploration
Headwater Exploration Stock Performance
The firm has a market capitalization of C$2.81 billion, a PE ratio of 15.13, a P/E/G ratio of 0.83 and a beta of 0.76. The business has a 50-day simple moving average of C$14.00 and a 200-day simple moving average of C$12.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 2.07.
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.
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