Headwater Exploration Inc. (TSX:HWX)
Canada · Delayed Price · Currency is CAD | Market Cap | 3.23B +133.3% |
| Revenue (ttm) | 522.68M -3.4% |
| Net Income | 138.77M -30.8% |
| EPS | 0.58 -31.4% |
| Shares Out | 237.76M |
| PE Ratio | 23.43 |
| Forward PE | 25.07 |
| Dividend | 0.44 (3.24%) |
| Ex-Dividend Date | Jun 30, 2026 |
| Volume | 448,552 |
| Average Volume | 689,736 |
| Open | 13.64 |
| Previous Close | 13.60 |
| Day's Range | 13.22 - 13.82 |
| 52-Week Range | 6.13 - 13.82 |
| Beta | 1.02 |
| RSI | 59.75 |
| Earnings Date | May 21, 2026 |
About Headwater Exploration
Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas resources in Canada. It holds interest in the Marten Hills area located in Alberta; and the 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. The company was incorporated in 1996 and is based in Calgary, Canada. [Read more]
Financial Performance
In 2025, Headwater Exploration's revenue was 514.29 million, an increase of 0.55% compared to the previous year's 511.50 million. Earnings were 153.21 million, a decrease of -18.52%.
Financial StatementsNews
Headwater Exploration Earnings release: Q1 2026
Headwater Exploration released its Q1 2026 earnings on April 30, 2026, summarizing the period's financial results.
Headwater Exploration Slides: Corporate presentation
Headwater Exploration has posted slides in relation to its latest quarterly earnings report, which was published on April 13, 2026.
Headwater Exploration price target raised to C$13 from C$10 at Raymond James
Raymond James analyst Luke Davis raised the firm’s price target on Headwater Exploration (CDDRF) to C$13 from C$10 and keeps a Market Perform rating on the shares. Published first on
Headwater Exploration price target raised to C$13 from C$11 at RBC Capital
RBC Capital raised the firm’s price target on Headwater Exploration (CDDRF) to C$13 from C$11 and keeps a Sector Perform rating on the shares. Published first on TheFly – the
Headwater Exploration price target raised to C$13.50 from C$11 at BMO Capital
BMO Capital raised the firm’s price target on Headwater Exploration (CDDRF) to C$13.50 from C$11 and keeps an Outperform rating on the shares. Published first on TheFly – the ultimate
Headwater Exploration Earnings release: Q4 2025
Headwater Exploration released its Q4 2025 earnings on March 5, 2026, summarizing the period's financial results.
Headwater Exploration price target raised to C$11 from C$9.50 at BMO Capital
BMO Capital raised the firm’s price target on Headwater Exploration (CDDRF) to C$11 from C$9.50 and keeps an Outperform rating on the shares. The firm says the Clearwater formation is
Headwater Exploration downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Luke Davis downgraded Headwater Exploration (CDDRF) to Market Perform from Outperform with a price target of C$9.50, up from C$9. Energy subsectors have broadly outperformed leve...
Headwater Exploration price target raised to C$10 from C$9 at RBC Capital
RBC Capital raised the firm’s price target on Headwater Exploration (CDDRF) to C$10 from C$9 and keeps a Sector Perform rating on the shares. Published first on TheFly – the
Headwater Exploration price target raised to C$10.50 from C$9 at National Bank
National Bank raised the firm’s price target on Headwater Exploration (CDDRF) to C$10.50 from C$9 and keeps an Outperform rating on the shares. Published first on TheFly – the ultimate
Headwater Exploration Earnings release: Q3 2025
Headwater Exploration released its Q3 2025 earnings on October 28, 2025, summarizing the period's financial results.
Headwater Exploration Earnings release: Q2 2025
Headwater Exploration released its Q2 2025 earnings on July 23, 2025, summarizing the period's financial results.
Headwater Exploration price target raised to C$9 from C$8.50 at National Bank
National Bank raised the firm’s price target on Headwater Exploration (CDDRF) to C$9 from C$8.50 and keeps an Outperform rating on the shares. Published first on TheFly – the ultimate
Headwater Exploration Slides: Corporate Presentation
Headwater Exploration has posted slides in relation to its latest quarterly earnings report, which was published on May 8, 2025.
Headwater Exploration Earnings release: Q1 2025
Headwater Exploration released its Q1 2025 earnings on April 30, 2025, summarizing the period's financial results.
Headwater Exploration price target lowered to C$8.50 from C$9 at National Bank
National Bank lowered the firm’s price target on Headwater Exploration (CDDRF) to C$8.50 from C$9 and keeps an Outperform rating on the shares. Published first on TheFly – the ultimate
Headwater Exploration price target lowered to C$8.50 from C$9 at CIBC
CIBC lowered the firm’s price target on Headwater Exploration (CDDRF) to C$8.50 from C$9 and keeps an Outperformer rating on the shares. The decision from OPEC+ to accelerate the phaseout
Headwater Exploration Earnings release: Q4 2024
Headwater Exploration released its Q4 2024 earnings on March 12, 2025, summarizing the period's financial results.
Headwater Exploration upgraded to Outperform from Market Perform at Raymond James
Raymond James upgraded Headwater Exploration (CDDRF) to Outperform from Market Perform with a price target of C$9, up from C$8.50, following the company’s update on progress in the Pelican and
Headwater Exploration Earnings release: Q3 2024
Headwater Exploration released its Q3 2024 earnings on November 7, 2024, summarizing the period's financial results.
Headwater Exploration initiated with a Market Perform at Raymond James
Raymond James initiated coverage of Headwater Exploration (CDDRF) with a Market Perform rating and C$8.50 price target The firm thinks positioning of the small-cap oil and gas producer group looks
Headwater Exploration price target raised to C$9.25 from C$9 at Desjardins
Desjardins analyst Chris MacCulloch raised the firm’s price target on Headwater Exploration to C$9.25 from C$9 and keeps a Buy rating on the shares. Published first on TheFly – the
Headwater Exploration Earnings release: Q2 2024
Headwater Exploration released its Q2 2024 earnings on July 25, 2024, summarizing the period's financial results.
Headwater Exploration price target raised to C$10 from C$9 at BMO Capital
BMO Capital analyst Jeremy McCrea raised the firm’s price target on Headwater Exploration to C$10 from C$9 and keeps an Outperform rating on the shares. Published first on TheFly –
Headwater Exploration Earnings release: Q1 2024
Headwater Exploration released its Q1 2024 earnings on May 9, 2024, summarizing the period's financial results.