Headwater Exploration (TSE:HWX) Reaches New 1-Year High - Here's What Happened

Headwater Exploration Inc. (TSE:HWX - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$9.75 and last traded at C$9.71, with a volume of 283628 shares. The stock had previously closed at C$9.41.Get Headwater Exploration alerts:Analyst Ratings ChangesA number of research analysts have recently weighed in on the company. Desjardins raised their price target on Headwater Exploration from C$8.75 to C$9.50 and gave the company a "hold" rating in a research report on Thursday, December 4th. ATB Capital raised their price objective on shares of Headwater Exploration from C$8.75 to C$11.00 and gave the stock an "outperform" rating in a research note on Thursday, December 4th. National Bankshares upped their target price on Headwater Exploration from C$9.00 to C$10.50 and gave the company an "outperform" rating in a research note on Friday, December 5th. CIBC raised their price target on Headwater Exploration from C$8.50 to C$10.00 in a research report on Wednesday, October 15th. Finally, Raymond James Financial cut Headwater Exploration from a "moderate buy" rating to a "hold" rating and boosted their price target for the stock from C$9.00 to C$9.50 in a report on Tuesday, December 9th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Headwater Exploration currently has a consensus rating of "Moderate Buy" and a consensus target price of C$10.10.View Our Latest Stock Report on Headwater ExplorationHeadwater Exploration Trading Up 4.3%The company has a quick ratio of 2.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The business's fifty day moving average is C$8.87 and its 200-day moving average is C$7.74. The stock has a market capitalization of C$2.34 billion, a PE ratio of 13.44, a P/E/G ratio of 0.83 and a beta of 0.56. Headwater Exploration (TSE:HWX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.15 earnings per share for the quarter. The company had revenue of C$178.70 million for the quarter. Headwater Exploration had a net margin of 35.52% and a return on equity of 28.63%. As a group, analysts anticipate that Headwater Exploration Inc. will post 0.6296296 EPS for the current fiscal year. Headwater Exploration Company Profile (Get Free Report)Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids. Further ReadingFive stocks we like better than Headwater ExplorationElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyTicker Revealed: Pre-IPO Access to "Next Elon Musk" CompanyThe Crash Has Already Started (Most Just Don’t See It Yet)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Headwater Exploration Right Now?Before you consider Headwater Exploration, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Headwater Exploration wasn't on the list.While Headwater Exploration currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here