Headwater Exploration Inc. (TSX:HWX)
Canada · Delayed Price · Currency is CAD | Market Cap | 3.43B +97.7% |
| Revenue (ttm) | 592.01M +12.7% |
| Net Income | 186.16M +0.9% |
| EPS | 0.78 +0.2% |
| Shares Out | 237.76M |
| PE Ratio | 18.48 |
| Forward PE | n/a |
| Dividend | 0.48 (3.33%) |
| Ex-Dividend Date | Sep 29, 2026 |
| Volume | 317,873 |
| Open | 14.70 |
| Previous Close | 14.77 |
| Day's Range | 14.34 - 14.89 |
| 52-Week Range | 7.02 - 15.26 |
| Beta | 1.16 |
| Analysts | Hold |
| Price Target | 15.50 (+7.56%) |
| Est. Earnings | Nov 5, 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 StatementsAnalyst Summary
According to 4 analysts, the average rating for HWX stock is "Hold." The 12-month stock price target is $15.50, which is an increase of 7.56% from the latest price.
News
Headwater Exploration price target raised to C$17.50 from C$17.25 at CIBC
CIBC raised the firm’s price target on Headwater Exploration (CDDRF) to C$17.50 from C$17.25 and keeps a Tender rating on the shares.
Headwater Exploration price target raised to C$15 from C$14 at Raymond James
Raymond James raised the firm’s price target on Headwater Exploration (CDDRF) to C$15 from C$14 and keeps a Market Perform rating on the shares.
Headwater Exploration downgraded to Tender from Outperformer at CIBC
CIBC downgraded Headwater Exploration (CDDRF) to Tender from Outperformer with a C$17.25 price target, following the announcement that Tamarack Valley Energy (TNEYF) is acquiring Headwater Exploration...
Tamarack Valley to Merge With Headwater Exploration in Over $7.24 Billion Deal
The acquisition combines Headwater's low-cost production footprint with Tamarack's asset base, bringing together more than 1,500 sections of contiguous land across northern Alberta.
Tamarack Valley, Headwater Exploration agree $7.2 billion all-stock merger
Tamarack Valley and Headwater Exploration will merge in an all-stock deal valued at C$10 billion ($7.25 billion), the companies said on Tuesday, creating the largest publicly traded producer fo...
Headwater Exploration price target raised to C$15 from C$14 at RBC Capital
RBC Capital analyst Michael Harvey raised the firm’s price target on Headwater Exploration (CDDRF) to C$15 from C$14 and keeps a Sector Perform rating on the shares. Published first on…
Headwater Exploration price target raised to C$17.25 from C$16.50 at CIBC
CIBC raised the firm’s price target on Headwater Exploration (CDDRF) to C$17.25 from C$16.50 and keeps an Outperformer rating on the shares.
Headwater Exploration Earnings release: Q2 2026
Headwater Exploration released its Q2 2026 earnings on July 23, 2026, summarizing the period's financial results.
Headwater Exploration MD&A: Q2 2026
Headwater Exploration filed a regulatory document on July 23, 2026 disclosing important business information.
Headwater Exploration Report: Q2 2026
Headwater Exploration published a report on July 23, 2026 containing material business information for investors and shareholders.
Headwater Exploration Slides: Corporate presentation
Headwater Exploration has posted slides in relation to its latest quarterly earnings report, which was published on July 23, 2026.
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 Report: Q1 2026
Headwater Exploration published a report on April 30, 2026 containing material business information for investors and shareholders.
Headwater Exploration MD&A: Q1 2026
Headwater Exploration filed a regulatory document on April 30, 2026 disclosing important business information.
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.
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.
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 Report: Q4 2025
Headwater Exploration published a report on March 5, 2026 containing material business information for investors and shareholders.
Headwater Exploration MD&A: Q4 2025
Headwater Exploration filed a regulatory document on March 5, 2026 disclosing important business information.
Headwater Exploration Annual report: Q4 2025
Headwater Exploration has published its Q4 2025 annual report on March 5, 2026.
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.