Headwater Exploration (TSE:HWX) Raised to Outperform at Raymond James

Headwater Exploration (TSE:HWX) was upgraded by Raymond James from a “market perform” rating to an “outperform” rating in a report released on Tuesday, Marketbeat reports.

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

Headwater Exploration Stock Performance

TSE:HWX opened at C$7.16 on Tuesday. The firm’s fifty day simple moving average is C$6.79 and its 200-day simple moving average is C$6.83. The company has a quick ratio of 2.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.13. The stock has a market cap of C$1.70 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. Headwater Exploration has a fifty-two week low of C$5.88 and a fifty-two week 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.