TSE:HWX

Headwater Exploration Stock Forecast, Price & News

C$4.07

+0.05 (+1.24 %)

(As of 04/16/2021 10:59 AM ET)

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Today's Range

C$4.00

Now: C$4.07▼

C$4.08

50-Day Range

C$3.77

MA: C$4.06▼

C$4.69

52-Week Range

C$1.06

Now: C$4.07▼

C$4.80

Volume144,503 shs

Average Volume624,129 shs

Market CapitalizationC$794.08 million

P/E Ratio84.79

Dividend YieldN/A

BetaN/A

Headwater Exploration Inc., a junior resource company, explores for, develops, and produces petroleum and natural gas in Canada. The company explores for petroleum and natural gas onshore in New Brunswick. Its principal properties include the McCully Field located to the northeast of Sussex, New Brunswick; and the Frederick Brook Shale located in the Elgin sub-basin 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. is headquartered in Calgary, Canada.

Industry, Sector and Symbol

Stock Exchange TSE

Industry Oil & Gas E&P

Sub-IndustryN/A

SectorEnergy

Current SymbolTSE:HWX

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.headwaterexp.com

Phone587 391 3682

Employees18

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.16

Current Ratio5.82

Quick Ratio5.62

Price-To-Earnings

Trailing P/E Ratio84.79

Forward P/E Ratio13.57

P/E Growth3.19

Sales & Book Value

Annual SalesC$8.84 million

Price / Sales89.80

Cash FlowC$0.40 per share

Price / Cash Flow10.20

Book ValueC$1.38 per share

Price / Book2.95

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares195,106,000

Market CapC$794.08 million

Next Earnings Date5/13/2021 (Estimated)

OptionableNot Optionable

Headlines

Headwater Exploration (TSE:HWX) Trading 8.2% Higher
April 2, 2021 | americanbankingnews.com

Can You Imagine How Elated Headwater Exploration's (TSE:HWX) Shareholders Feel About Its 639% Share Price Gain?
February 15, 2021 | finance.yahoo.com

Ecuadorian Amazon: Three European banks stop funding trade of oil
January 25, 2021 | msn.com

HWX.TO - Headwater Exploration Inc Profile | Reuters
December 21, 2020 | reuters.com

Sale of Cenovus’s Marten Hills oil assets to Headwater Exploration closes
December 2, 2020 | finance.yahoo.com

Headwater Exploration Inc. Announces Receipt of Shareholder Written Consent for Transaction With Cenovus Energy Inc.
November 18, 2020 | finance.yahoo.com

Streetwise newsletter: Bank of Montreal hires new CFO from U.S. rival
November 9, 2020 | theglobeandmail.com

TSX gains on positive vaccine news, Biden win
November 9, 2020 | msn.com

Headwater Exploration Inc. Announces Transformational Transaction With Cenovus Energy Inc. and Third Quarter Operating and Fina
November 9, 2020 | bloomberg.com

Cenovus selling Marten Hills oil assets to Headwater Exploration for $100-million
November 9, 2020 | theglobeandmail.com

CANADA STOCKS-TSX gains on positive vaccine news, Biden win
November 9, 2020 | nasdaq.com

Cenovus reaches agreement to accelerate development of its Marten Hills oil assets
November 9, 2020 | markets.businessinsider.com

Headwater Exploration Inc. Announces Transformational Transaction With Cenovus Energy Inc. and Third Quarter Operating and Financial Results
November 9, 2020 | finance.yahoo.com

Headwater Exploration Inc. Announces Second Quarter Operating and Financial Results and Operations Update
August 5, 2020 | finance.yahoo.com

The Headwater Exploration (TSE:HWX) Share Price Is Up 170% And Shareholders Are Boasting About It
July 20, 2020 | finance.yahoo.com

Headwater Exploration Inc. Announces 2019 Reserves, Fourth Quarter and Year End 2019 Operating and Financial Results, Operations Update and Adoption of New By-Laws
April 23, 2020 | finance.yahoo.com

See More Headlines

MarketRank^™

Overall MarketRank^™

0.90 out of 5 stars

1.5 Analyst's Opinion

Consensus Rating
Headwater Exploration has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$3.90, Headwater Exploration has a forecasted downside of 4.2% from its current price of C$4.07.
Amount of Analyst Coverage
Headwater Exploration has only been the subject of 3 research reports in the past 90 days.

3.0 Community Rank

Outperform Votes
Headwater Exploration has received 9 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Headwater Exploration has received 6 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Headwater Exploration has received 60.00% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Headwater Exploration and other stocks. Vote “Outperform” if you believe HWX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HWX will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Headwater Exploration does not currently pay a dividend.
Dividend Growth
Headwater Exploration does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Headwater Exploration insiders have not sold or bought any company stock.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Headwater Exploration is 84.79, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Headwater Exploration is 84.79, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 3.15.
Price to Earnings Growth Ratio
Headwater Exploration has a PEG Ratio of 3.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Headwater Exploration has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

C$4.07

+0.05 (+1.24 %)

(As of 04/16/2021 10:59 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Headwater Exploration (TSE:HWX) Frequently Asked Questions

Is Headwater Exploration a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Headwater Exploration in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Headwater Exploration stock.
View analyst ratings for Headwater Exploration or view top-rated stocks.

What stocks does MarketBeat like better than Headwater Exploration?

Wall Street analysts have given Headwater Exploration a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Headwater Exploration wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Headwater Exploration's next earnings date?

Headwater Exploration is scheduled to release its next quarterly earnings announcement on Thursday, May 13th 2021.
View our earnings forecast for Headwater Exploration.

How were Headwater Exploration's earnings last quarter?

Headwater Exploration Inc. (TSE:HWX) released its earnings results on Wednesday, March, 10th. The company reported $0.10 EPS for the quarter. The company had revenue of $6.63 million for the quarter.
View Headwater Exploration's earnings history.

What price target have analysts set for HWX?

3 Wall Street analysts have issued 12 month price targets for Headwater Exploration's stock. Their forecasts range from C$2.50 to C$5.00. On average, they anticipate Headwater Exploration's stock price to reach C$3.90 in the next year. This suggests that the stock has a possible downside of 4.2%.
View analysts' price targets for Headwater Exploration or view top-rated stocks among Wall Street analysts.

Who are Headwater Exploration's key executives?

Headwater Exploration's management team includes the following people:

Mr. Neil Jack Roszell, Chairman & CEO (Age 53)
Mr. Jason Jowill Jaskela P.Eng., Pres, COO & Director (Age 43)
Ms. Alexandra Horvath C.A., CPA, VP of Fin. & CFO
Mr. Jonathan L. Grimwood P.Geo., Vice-Pres of Exploration (Age 50)
Mr. Edward Brown LLB, Corp. Sec.
Mr. Scott Earl Rideout, Vice-Pres of Land (Age 41)
Andrea Anita Creemer, Exploitation Engineer
Mr. Tom Banks, Sr. Engineering Consultant

Who are some of Headwater Exploration's key competitors?

Some companies that are related to Headwater Exploration include Seven Generations Energy (VII), Zargon Oil & Gas (ZAR), Energean (ENOG), Raging River Exploration (RRX), Whiting Petroleum (WLL), Freehold Royalties (FRU), Peyto Exploration & Development (PEY), Vine Energy (VEI), Kosmos Energy (KOS), Diversified Gas & Oil (DGOC), Baytex Energy (BTE), TORC Oil & Gas Ltd. (TOG.TO) (TOG), Tamarack Valley Energy (TVE), Tullow Oil (TLW) and Canacol Energy (CNE).
View all of HWX's competitors.

What other stocks do shareholders of Headwater Exploration own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Headwater Exploration investors own include Seven Generations Energy (VII), Evofem Biosciences (EVFM), Cenovus Energy (CVE) and Corridor Resources (CDH).

What is Headwater Exploration's stock symbol?

Headwater Exploration trades on the Toronto Stock Exchange (TSX) under the ticker symbol "HWX."

How do I buy shares of Headwater Exploration?

Shares of HWX and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Headwater Exploration's stock price today?

One share of HWX stock can currently be purchased for approximately C$4.07.

How much money does Headwater Exploration make?

Headwater Exploration has a market capitalization of C$794.08 million and generates C$8.84 million in revenue each year.

How many employees does Headwater Exploration have?

Headwater Exploration employs 18 workers across the globe.

What is Headwater Exploration's official website?

The official website for Headwater Exploration is www.headwaterexp.com.

How can I contact Headwater Exploration?

The company can be reached via phone at 587 391 3682.

This page was last updated on 4/17/2021 by MarketBeat.com Staff

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