Headwater Exploration Inc. (TSX: HWX)
Canada
· Delayed Price · Currency is CAD | Market Cap | 1.69B |
| Revenue (ttm) | 490.27M |
| Net Income (ttm) | 184.59M |
| Shares Out | 237.67M |
| EPS (ttm) | 0.77 |
| PE Ratio | 9.22 |
| Forward PE | 6.84 |
| Dividend | 0.40 (5.63%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 434,390 |
| Open | 7.04 |
| Previous Close | 7.02 |
| Day's Range | 7.04 - 7.14 |
| 52-Week Range | 5.88 - 8.57 |
| Beta | 1.55 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Nov 7, 2024 |
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. Headwater Exploration Inc. incorporated in 1996 and is headquartered in Calgary, Canada. [Read more]
Financial Performance
In 2023, Headwater Exploration's revenue was 425.55 million, an increase of 14.02% compared to the previous year's 373.22 million. Earnings were 156.07 million, a decrease of -3.72%.
Financial StatementsNews
Headwater Exploration: Relatively Strong Earnings Comparison
Headwater Exploration demonstrates resilience with strong earnings despite lower oil prices. The Clearwater basin offers low-cost production, with payback periods under one year, leading to rapid cash...
HEADWATER EXPLORATION INC. ANNOUNCES THIRD QUARTER OPERATING AND FINANCIAL RESULTS, DECLARATION OF QUARTERLY DIVIDEND AND UPDATE TO 2024 GUIDANCE
CALGARY, AB , Nov. 7, 2024 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") (TSX: HWX) is pleased to announce its operating and financial results for the three and nine months en...
Headwater Exploration: The Growth Story Continues
Headwater Exploration shows impressive organic growth with 20,000 boe/d in 2024, projected to reach 24,000 boe/d by 2026, without dilutive acquisitions. The company boasts low operating costs and a st...
Headwater Exploration: Cash Rolls In As Earnings Climb 77% Per Share
Headwater Exploration is that rare company that can pay a decent dividend and grow production at the same time. Quarterly earnings roared ahead about 77%. The company has reported impressive earnings ...
HEADWATER EXPLORATION INC. ANNOUNCES SECOND QUARTER OPERATING AND FINANCIAL RESULTS AND DECLARES QUARTERLY DIVIDEND
CALGARY, AB , July 25, 2024 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") (TSX: HWX) is pleased to announce its operating and financial results for the three and six months en...
HEADWATER EXPLORATION INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS, OPERATIONS UPDATE, UPDATE TO 2024 GUIDANCE AND DECLARES QUARTERLY DIVIDEND
CALGARY, AB , May 9, 2024 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") (TSX: HWX) is pleased to announce its financial results for the three months ended March 31, 2024 , ope...
Headwater Exploration: Slower Growth But More Profits Ahead
Headwater Exploration Inc. grew production profitably in excess of 40%. Management is concerned about the cash balance and debt-free balance sheet, leading to conservative guidance. The budget may be ...
HEADWATER EXPLORATION INC. ANNOUNCES 2023 RESERVES, YEAR END 2023 OPERATING AND FINANCIAL RESULTS, OPERATIONS UPDATE, INCREASE TO 2024 CAPITAL BUDGET AND DECLARES QUARTERLY DIVIDEND
CALGARY, AB , March 7, 2024 /CNW/ - Headwater Exploration Inc. (the " Company " or " Headwater ") (TSX: HWX) announces its operating and financial results for the three months and year ended December...
Headwater Exploration: Slower Growth Ahead
Headwater Exploration's management expects slower growth but still projects significant growth while paying a dividend. The dividend is backed by a debt-free balance sheet and a large cash balance.
Headwater Exploration: Succession Takes Center Stage
At Headwater Exploration Inc., Neil Roszell transitions to Executive Chairman and Jason Jaskela becomes new CEO of Headwater Exploration. The company is acquiring acreage beyond the Clearwater Play. H...
Headwater Exploration: Heavy Oil Considerations
Headwater Exploration is a heavy oil producer with a strong balance sheet and a profitable heavy oil play called Clearwater. The breakeven point for Clearwater is lower than other heavy oil plays, mak...
Headwater Exploration: A Low-Cost Heavy Oil Producer With A Track Record Of Growth
Headwater Exploration is a Canadian heavy oil producer that has grown production significantly in recent years. The costs are very competitive for the company. The free cash flow will increase going f...
Headwater Exploration: Growth Continues
This heavy oil producer posted a decent profit at a time when the heavy oil discount expanded. Heavy oil profits are much more volatile than light oil profits. The company has no long-term debt and a ...
Headwater Exploration: Discoveries Ensure Healthy Future
Headwater Exploration Inc. management keeps reporting new discoveries to enlarge the company future. The debt-free balance sheet with a large cash balance protects against potential downside stock pri...
Headwater Exploration: Not In The Bargain Bin, But Still In The Buy Zone
Headwater Exploration Inc. is growing production rapidly in its low-cost, low-decline fields in Canada's Clearwater play. Low oil prices and reduced netbacks have impacted Headwater Exploration shares...
Small-Cap Energy Producers Ranked By Quality
Forty-nine small-cap energy producers are ranked on relative quality using a matrix with factors including, valuation, profitability, FCF, and debt. The quality matrix is a broad effort to identify th...
Headwater Exploration: Rapid Growth Likely To Continue
With or without management guidance, there is likely to be rapid growth for the foreseeable future. Management has begun an initial dividend. But growth is likely to be more important for the foreseea...
Headwater Exploration: Solid Upside At Moderate Risk
If you are bullish oil but are worried about stock market volatility due to a recession, what stock should you invest in for 2023? In this piece, I will look at Headwater Exploration, a pure-play heav...
Headwater Exploration: Time To Share
Headwater Exploration Inc. initiated a quarterly dividend equal to an annual rate of C$.40 per share. The dividend is likely to grow as fast as the rapidly growing production. Headwater Exploration st...
Headwater Exploration: Steadily Increasing Production And Still Cheap
Headwater Exploration Inc. has been rapidly increasing production in its Marten Hills acreage. The company is trading at low multiples at current prices.
Headwater Exploration: Black Gold
The Clearwater Play is exceptionally profitable. Headwater Exploration is exceptionally profitable because all of its operations are in the Clearwater area.
Headwater Exploration: The New Issue Volatility
The current management took over through a reverse merger. The new focus is on the Clearwater area.
Headwater Exploration: Still Dirt Cheap
The growth rate here for the foreseeable future is seldom equalled. Cash flow rate took a huge jump and is likely to continue to expand at a rapid rate.
Headwater Exploration: New Profit Source Appears
The Clearwater Play outlook has improved materially. Management discovered some medium grade oil to produce.
Headwater Exploration: Growth Implications And Proper Valuation
It is probably far too soon to consider selling a fast growth company like Headwater Exploration.