Headwater Exploration (TSE:HWX) Sets New 12-Month High – Should You Buy?

Posted by Jeff Wilder on Oct 19th, 2026

Headwater Exploration Inc. (TSE:HWX – Get Free Report) reached a new 52-week high during trading on Monday. The stock traded as high as C$14.76 and last traded at C$14.73, with a volume of 34,618 shares traded. The stock had previously closed at C$14.67.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HWX shares. Royal Bank Of Canada raised their target price on shares of Headwater Exploration from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Desjardins set a C$14.50 price target on Headwater Exploration and gave the stock a “hold” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.75.

Get Our Latest Research Report on HWX

Headwater Exploration Trading Down 0.4%

The stock’s fifty day simple moving average is C$13.86 and its 200-day simple moving average is C$13.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.07 and a quick ratio of 2.07. The firm has a market cap of C$3.47 billion, a PE ratio of 18.73, a PEG ratio of 0.83 and a beta of 0.65.

Headwater Exploration (TSE:HWX – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$227.67 million for the quarter. Headwater Exploration had a return on equity of 24.24% and a net margin of 27.85%. On average, sell-side analysts forecast that Headwater Exploration Inc. will post 0.63 earnings per share for the current year.

Headwater Exploration Company Profile

(Get Free Report)

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.