Headwater Exploration (TSE:HWX) Upgraded at Atb Cap Markets

Headwater Exploration (TSE:HWX) was upgraded by equities research analysts at Atb Cap Markets to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on HWX. Raymond James upgraded Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. National Bankshares lowered their price target on Headwater Exploration from C$10.50 to C$9.50 in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Headwater Exploration currently has an average rating of “Buy” and a consensus target price of C$9.46.

Headwater Exploration Price Performance

Shares of HWX opened at C$6.94 on Tuesday. Headwater Exploration has a 12-month low of C$5.88 and a 12-month high of C$8.57. The business’s fifty day moving average is C$6.78 and its 200 day moving average is C$6.94. 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$1.65 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.83 and a beta of 1.55.

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.