Atb Cap Markets Upgrades Headwater Exploration (TSE:HWX) to Strong-Buy

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

Other equities research analysts have also issued research reports about the company. National Bankshares lowered their target price on Headwater Exploration from C$10.50 to C$9.50 in a research note on Friday, September 27th. Raymond James upgraded Headwater Exploration to a “hold” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$9.46.

Headwater Exploration Trading Up 0.1 %

TSE HWX opened at C$6.94 on Tuesday. Headwater Exploration has a 1-year low of C$5.88 and a 1-year high of C$8.57. The company has a current ratio of 1.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of C$6.78 and a 200-day moving average of C$6.94. The firm has a market cap of C$1.65 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55.

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.