Headwater Exploration Inc. (TSE:HWX – Get Free Report) has received a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$9.54.
Several analysts have weighed in on HWX shares. Raymond James upgraded Headwater Exploration from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 7th. National Bankshares dropped their target price 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. CIBC set a C$9.00 price target on shares of Headwater Exploration and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Atb Cap Markets upgraded shares of Headwater Exploration to a “strong-buy” rating in a research note on Tuesday, December 3rd.
Read Our Latest Research Report on Headwater Exploration
Headwater Exploration Price Performance
Insider Activity at Headwater Exploration
In related news, Director Phillip R. Knoll sold 5,400 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of C$6.97, for a total transaction of C$37,638.00. 5.08% of the stock is owned by company insiders.
About Headwater Exploration
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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