RBC Capital analyst Luke Davis maintained a Buy rating on Headwater Exploration (CDDRF – Research Report) on April 25 and set a price target of C$9.50. The company’s shares closed last Tuesday at $5.20.
According to TipRanks.com, Davis is a top 100 analyst with an average return of 43.0% and a 65.1% success rate. Davis covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Gran Tierra Energy, and PrairieSky Royalty.
Currently, the analyst consensus on Headwater Exploration is a Strong Buy with an average price target of $7.56.
The company has a one-year high of $6.10 and a one-year low of $2.61. Currently, Headwater Exploration has an average volume of 41.85K.
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Corridor Resources, Inc. engages in the exploration, development, and production of petroleum and natural gas. The firm has offices in Halifax and Calgary, and a field office in Penobsquis (near Sussex), New Brunswick where Corridor produces natural gas to Canadian and U.S. markets. Its portfolio includes McCully Field, Frederick Brook Shale, and New Brunswick The company was founded by Norman W. Miller, Paul J. Hopkins, and Charles M. MacDonald in March 1995 and is headquartered in Halifax, Canada.
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