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Headwater Exploration (HWX) Price & Analysis

255 Followers

HWX Stock Chart & Stats

C$13.47

-C$0.39(-2.90%)

At close: Jul 27 4:00 PM EDT

C$13.47

-C$0.39(-2.90%)

Day’s Range― - ―

52-Week RangeC$6.58 - C$13.82

Previous CloseN/A

Volume379.90K

Average Volume (3M)679.74K

Market Cap

C$3.15B

Enterprise ValueC$2.76K

Total Cash (Recent Filing)C$87.66M

Total Debt (Recent Filing)C$1.78M

Price to Earnings (P/E)17.0

Beta0.60

Next Earnings

Nov 05, 2026

EPS Estimate

0.29

Next Dividend Ex-DateN/A

Dividend Yield3.4%

Share Statistics

EPS (TTM)0.78

Shares Outstanding237,762,880

10 Day Avg. Volume621,858

30 Day Avg. Volume679,737

Financial Highlights & Ratios

PEG Ratio-0.73

Price to Book (P/B)2.98

Price to Sales (P/S)4.33

P/FCF Ratio19.90

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

C$15.56

Price Target Upside15.53% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering4

EPS Forecast (FY)1.14

Revenue Forecast (FY)C$820.93M

Bulls Say, Bears Say

Bulls Say

Conservative Balance SheetExtremely low leverage gives the company substantial financial flexibility across commodity cycles. With debt-to-equity near 0.002 and minimal debt, Headwater can fund capex, sustain distributions, pursue opportunistic acquisitions, and withstand price shocks without balance-sheet distress.

Strong Operating MarginsHigh trailing margins reflect strong operating economics in core oil production. TTM gross margin around 54% and net margin ~28% indicate durable profitability that supports reinvestment, service of obligations, and potential shareholder returns when commodity conditions normalize.

Robust Cash GenerationRobust cash generation—operating cash roughly C$335M and free cash flow ~C$102M with strong FCF growth—provides a foundation for funding development and reducing external financing reliance. Operating cash >2x net income signals solid cash quality for long-term planning.

Bears Say

Weak FCF ConversionFree cash flow conversion is low and historically variable: FCF at ~31% of net income and a past negative year indicate heavy reinvestment or working-capital swings. This constrains durable distributable cash, increases funding uncertainty, and complicates multi-year capital planning.

Revenue And Margin CyclicalityRevenue and margins have exhibited meaningful year-to-year swings and recent margin compression, reflecting upstream cyclicality. This volatility complicates sustaining investment plans, hiring, and consistent returns, making multi-quarter forecasting and strategic execution harder.

Exposure To Structural External RisksThe business is structurally exposed to commodity prices, regional pipeline/takeaway constraints, Canadian crude differentials and regulatory/royalty regimes. These external factors can persist for months and materially reduce realized netbacks and the economics of development projects.

Headwater Exploration 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...

6d ago

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...

9d ago

Advantaged Clearwater Assets and Secondary Recovery Upside Support Jeremy Mccrea’s Buy Rating on Headwater

BMO Capital analyst Jeremy Mccrea maintained a Buy rating on Headwater Exploration today and set a price target...

9d ago

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...

4M ago

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...

5M ago

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...

5M ago

Headwater Exploration lifts output and dividend despite weaker 2025 margins

Headwater Exploration ( ($TSE:HWX) ) has issued an update. Headwater Exploration reported essentially flat full-year 2025 sales at...

5M ago

CDDRF Earnings Report this Week: Is It a Buy, Ahead of Earnings?

Headwater Exploration Inc. (CDDRF) is scheduled to report 4th quarter earnings on 03/05/2026, after the market closes. Regarding...

5M ago

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...

7M ago

Headwater Exploration Posts Strong 2025 Growth on Robust Reserves and High-Impact Drilling

Headwater Exploration ( ($TSE:HWX) ) has issued an announcement. Headwater Exploration reported strong 2025 operating and financial performance,...

7M ago

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...

8M ago

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...

8M ago

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...

8M ago

Strategic Growth and Shareholder Returns: Headwater Exploration’s Promising Outlook

Analyst Jeremy Mccrea from BMO Capital maintained a Buy rating on Headwater Exploration and keeping the price target...

8M ago

HWX FAQ

What was Headwater Exploration’s price range in the past 12 months?

Headwater Exploration lowest stock price was C$6.58 and its highest was C$13.82 in the past 12 months.

What is Headwater Exploration’s market cap?

Headwater Exploration’s market cap is C$3.15B.

When is Headwater Exploration’s upcoming earnings report date?

Headwater Exploration’s upcoming earnings report date is Nov 05, 2026 which is in 95 days.

How were Headwater Exploration’s earnings last quarter?

Headwater Exploration released its earnings results on Jul 23, 2026. The company reported C$0.36 earnings per share for the quarter, beating the consensus estimate of C$0.3 by C$0.06.

Is Headwater Exploration overvalued?

According to Wall Street analysts Headwater Exploration’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Headwater Exploration pay dividends?

Headwater Exploration pays a Quarterly dividend of C$0.12 which represents an annual dividend yield of 3.4%. See more information on Headwater Exploration dividends here

What is Headwater Exploration’s EPS estimate?

Headwater Exploration’s EPS estimate is 0.29.

How many shares outstanding does Headwater Exploration have?

Headwater Exploration has 237,762,880 shares outstanding.

What happened to Headwater Exploration’s price movement after its last earnings report?

Headwater Exploration reported an EPS of C$0.36 in its last earnings report, beating expectations of C$0.3. Following the earnings report the stock price went up 1.278%.

Which hedge fund is a major shareholder of Headwater Exploration?

Currently, no hedge funds are holding shares in TSE:HWX

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Headwater Exploration Stock Smart Score

Outperform

Fundamentals

Return on Equity

3.40%

Trailing 12-Months

Asset Growth

7.42%

Trailing 12-Months

Top Smart Score Stocks >

Company Description

Headwater Exploration

Headwater Exploration Inc. is a smaller-scale resource firm primarily focused on discovering, developing, and extracting petroleum and natural gas. Its activities are concentrated within the Western Canadian Sedimentary Basin and onshore regions of New Brunswick. The company holds ownership stakes in several key projects, including the McCully Field, situated northeast of Sussex, New Brunswick; the Clearwater play in Alberta's Marten Hills area; and the Frederick Brook shale gas prospect, also located in New Brunswick. The company was formerly called Corridor Resources Inc. before officially changing its name to Headwater Exploration Inc. in March 2020. Its main corporate office is based in Calgary, Canada.

Headwater Exploration (HWX) Earnings & Revenues

Historic Earnings Reports

HWX Stock 12 Month Forecast

Average Price Target

C$15.56

▲(15.53% Upside)

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Detailed Analyst Forecast >