Headwater Exploration (TSE:HWX – Get Free Report) had its target price upped by equities researchers at Desjardins from C$8.00 to C$9.25 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 28.29% from the stock’s current price.
A number of other analysts have also weighed in on HWX. Haywood Securities upped their price target on shares of Headwater Exploration from C$9.00 to C$10.00 in a research note on Monday, April 8th. National Bankshares upped their price target on shares of Headwater Exploration from C$9.50 to C$10.50 and gave the stock an “outperform” rating in a research note on Friday, April 19th. BMO Capital Markets boosted their target price on shares of Headwater Exploration from C$9.00 to C$10.00 in a report on Friday, May 10th. Finally, Stifel Nicolaus boosted their target price on shares of Headwater Exploration from C$8.75 to C$10.00 in a report on Friday, April 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$9.54.
View Our Latest Analysis on HWX
Headwater Exploration Stock Performance
Headwater Exploration (TSE:HWX – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.16. The company had revenue of C$134.03 million during the quarter. Headwater Exploration had a net margin of 36.47% and a return on equity of 27.82%. On average, equities research analysts forecast that Headwater Exploration will post 0.7362525 earnings per share for the current year.
Insider Activity
In other news, Director Jason Jowill Jaskela sold 107,977 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$7.13, for a total transaction of C$770,297.12. In related news, Director Chandra Henry sold 19,300 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$7.05, for a total transaction of C$136,070.79. Also, Director Jason Jowill Jaskela sold 107,977 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$7.13, for a total transaction of C$770,297.12. 5.12% of the stock is owned by company 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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