Headwater Exploration (TSE:HWX – Get Free Report) had its price objective dropped by research analysts at National Bankshares from C$10.50 to C$9.50 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 51.27% from the stock’s current price.
Separately, Desjardins upped their target price on shares of Headwater Exploration from C$8.00 to C$9.25 and gave the company a “buy” rating in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Headwater Exploration currently has a consensus rating of “Moderate Buy” and an average target price of C$9.39.
View Our Latest Stock Report on HWX
Headwater Exploration Stock Down 0.8 %
Headwater Exploration (TSE:HWX – Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported C$0.22 earnings per share for the quarter. The company had revenue of C$164.28 million during the quarter. Headwater Exploration had a return on equity of 30.64% and a net margin of 38.54%. On average, analysts predict that Headwater Exploration will post 0.6166667 earnings per share for the current year.
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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