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Headwater Exploration Inc.TSX:HWX Stock Report

Market Cap CA$3.2b
Share Price
CA$12.93
CA$15.63
17.2% undervalued intrinsic discount
1Y96.8%
7D3.1%
1D
Portfolio Value
View

Headwater Exploration Inc.

TSX:HWX Stock Report

Market Cap: CA$3.2b

HWX Community Fair Values

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See what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.

Headwater Exploration Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Headwater Exploration
Historical stock prices
Current Share PriceCA$12.93
52 Week HighCA$13.82
52 Week LowCA$6.43
Beta1.02
1 Month Change1.33%
3 Month Change5.21%
1 Year Change96.80%
3 Year Change100.47%
5 Year Change189.91%
Change since IPO1,859.09%

Recent News & Updates

Recent updates

Analysis Article Feb 05

Headwater Exploration Inc. (TSE:HWX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Headwater Exploration Inc. ( TSE:HWX ) shares have continued their recent momentum with a 26% gain in the last month...
Analysis Article Dec 04

Headwater Exploration (TSE:HWX) Will Pay A Dividend Of CA$0.11

The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.11 per share on...
Analysis Article Nov 20

There's No Escaping Headwater Exploration Inc.'s (TSE:HWX) Muted Earnings Despite A 28% Share Price Rise

The Headwater Exploration Inc. ( TSE:HWX ) share price has done very well over the last month, posting an excellent...
Analysis Article Sep 15

Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11

Headwater Exploration Inc.'s ( TSE:HWX ) investors are due to receive a payment of CA$0.11 per share on 15th of...
Analysis Article Jul 28

Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11

The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend on the 15th of October...
Analysis Article Jul 14

The Market Doesn't Like What It Sees From Headwater Exploration Inc.'s (TSE:HWX) Earnings Yet

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 17x, you may consider...
Analysis Article May 13

Headwater Exploration's (TSE:HWX) Dividend Will Be CA$0.11

The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.11 per share on...
Analysis Article May 02

Headwater Exploration Inc.'s (TSE:HWX) CEO Will Probably Find It Hard To See A Huge Raise This Year

Key Insights Headwater Exploration will host its Annual General Meeting on 8th of May Total pay for CEO Jason Jaskela...
Analysis Article Mar 17

Headwater Exploration's (TSE:HWX) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will be paying its dividend of CA$0.11 on the...
Analysis Article Jan 13

A Look At The Intrinsic Value Of Headwater Exploration Inc. (TSE:HWX)

Key Insights The projected fair value for Headwater Exploration is CA$7.64 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Nov 12

Headwater Exploration (TSE:HWX) Is Due To Pay A Dividend Of CA$0.10

Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.10 per share on the 15th of...
Analysis Article Oct 04

We Ran A Stock Scan For Earnings Growth And Headwater Exploration (TSE:HWX) Passed With Ease

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Sep 07

Returns On Capital Are A Standout For Headwater Exploration (TSE:HWX)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Aug 05

Investors Aren't Entirely Convinced By Headwater Exploration Inc.'s (TSE:HWX) Earnings

Headwater Exploration Inc.'s ( TSE:HWX ) price-to-earnings (or "P/E") ratio of 8.6x might make it look like a buy right...

Shareholder Returns

HWXCA Oil and GasCA Market
7D3.1%1.8%-1.2%
1Y96.8%49.2%31.4%

Return vs Industry: HWX exceeded the Canadian Oil and Gas industry which returned 54.6% over the past year.

Return vs Market: HWX exceeded the Canadian Market which returned 33.9% over the past year.

Price Volatility

Is HWX's price volatile compared to industry and market?
HWX volatility
HWX Average Weekly Movement5.5%
Oil and Gas Industry Average Movement8.5%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market3.8%

Stable Share Price: HWX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: HWX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199639Jason Jaskelawww.headwaterexp.com

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.

Headwater Exploration Inc. Fundamentals Summary

How do Headwater Exploration's earnings and revenue compare to its market cap?
HWX fundamental statistics
Market capCA$3.23b
Earnings (TTM)CA$138.77m
Revenue (TTM)CA$522.68m
22.2x
P/E Ratio
5.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HWX income statement (TTM)
RevenueCA$522.68m
Cost of RevenueCA$135.74m
Gross ProfitCA$386.94m
Other ExpensesCA$248.17m
EarningsCA$138.77m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.58
Gross Margin74.03%
Net Profit Margin26.55%
Debt/Equity Ratio0%

How did HWX perform over the long term?

See historical performance and comparison

Dividends

3.4%
Current Dividend Yield
75%
Payout Ratio

Does HWX pay a reliable dividends?

See HWX dividend history and benchmarks
When do you need to buy HWX by to receive an upcoming dividend?
Headwater Exploration dividend dates
Ex Dividend DateJun 30 2026
Dividend Pay DateJul 15 2026
Days until Ex dividend23 days
Days until Dividend pay date38 days

Does HWX pay a reliable dividends?

See HWX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/05 13:32
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Headwater Exploration Inc. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Laique Ahmad Amir ArifATB Cormark
Patrick O'RourkeATB Cormark
Kuno RyckborstBeacon Securities Limited