Headwater Exploration Inc. (TSX:HWX)
Canada · Delayed Price · Currency is CAD | Market Cap | 3.05B +84.3% |
| Revenue (ttm) | 592.01M +12.7% |
| Net Income | 186.16M +0.9% |
| EPS | 0.78 +0.2% |
| Shares Out | 237.76M |
| PE Ratio | 16.42 |
| Forward PE | 24.87 |
| Dividend | 0.48 (3.75%) |
| Ex-Dividend Date | Sep 29, 2026 |
| Volume | n/a |
| Open | 12.65 |
| Previous Close | 12.70 |
| Day's Range | 12.49 - 12.92 |
| 52-Week Range | 6.58 - 13.82 |
| Beta | 1.03 |
| Analysts | Buy |
| Price Target | 15.69 (+22.48%) |
| Earnings Date | 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 9 analysts, the average rating for HWX stock is "Buy." The 12-month stock price target is $15.69, which is an increase of 22.48% from the latest price.
News
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 Registration statement: Q2 2026
Headwater Exploration filed a registration statement on July 23, 2026, providing details about a securities offering with the SEC.
Headwater Exploration Registration statement: Q2 2026
Headwater Exploration filed a registration statement on July 23, 2026, providing details about a securities offering with the SEC.
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 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 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.
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.
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.
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.
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…