Wall Street analyst estimates for Headwater Exploration Inc. (HWX.TO): consensus price target and buy/hold/sell recommendations.
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.
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-10-29 | $0.28 | ||
| 2026-07-23 | $0.36 | $0.30 | +20.0% |
| 2026-04-30 | $0.15 | $0.14 | +11.1% |
| 2026-03-12 | $0.12 | $0.13 | -7.7% |
| 2025-11-06 | $0.15 | $0.16 | -6.6% |
| 2025-07-23 | $0.16 | $0.14 | +13.4% |
| 2025-05-01 | $0.21 | $0.21 | +0.0% |
| 2025-03-13 | $0.21 | $0.28 | -25.0% |
Valuation Ratios
| P/E Ratio | 18.83 |
| Price / Book | 4.29 |
| EV / EBITDA | 9.31 |
| Dividend Yield | 3.13% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.5M CAD | 7.7M CAD | 16.9M CAD | 9.3M CAD | 9.5M CAD | 190.9M CAD | 458.4M CAD | 425.5M CAD | 619.8M CAD | 514.3M CAD |
| Cost of Revenue | 7.8M CAD | 5.6M CAD | 8.1M CAD | 7.6M CAD | 9.4M CAD | 82.8M CAD | 192.4M CAD | 232.2M CAD | 287.7M CAD | 269.2M CAD |
| Gross Profit | 5.7M CAD | 2.1M CAD | 8.8M CAD | 1.5M CAD | 49,000 CAD | 108.1M CAD | 266.0M CAD | 193.3M CAD | 332.1M CAD | 245.1M CAD |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | 6.7M CAD | 3.6M CAD | 3.1M CAD | 3.3M CAD | 5.4M CAD | 6.7M CAD | 10.6M CAD | 14.9M CAD | 23.0M CAD | 38.4M CAD |
| Operating Expenses | 4.6M CAD | 3.6M CAD | 3.1M CAD | 3.6M CAD | 9.4M CAD | 38.8M CAD | 59.0M CAD | 14.9M CAD | 91.1M CAD | 38.4M CAD |
| Operating Income | 3.8M CAD | -1.2M CAD | 5.5M CAD | -1.8M CAD | 517,000 CAD | 69.9M CAD | 207.0M CAD | 179.6M CAD | 241.0M CAD | 206.7M CAD |
| EBITDA | -12.4M CAD | 18.0M CAD | 3.2M CAD | 8.6M CAD | 5.5M CAD | 95.3M CAD | 291.3M CAD | 324.9M CAD | 372.8M CAD | 330.1M CAD |
| Interest Expense | 328,000 CAD | 292,000 CAD | 0 | 15,000 CAD | 11,000 CAD | 376,000 CAD | 889,000 CAD | 1.7M CAD | 2.4M CAD | 1.1M CAD |
| Pre-tax Income | -17.8M CAD | 15.3M CAD | -1.9M CAD | 3.6M CAD | -570,000 CAD | 50.9M CAD | 211.7M CAD | 203.0M CAD | 245.5M CAD | 202.0M CAD |
| Income Tax | 11.5M CAD | -2.4M CAD | -1.6M CAD | 753,000 CAD | -7.3M CAD | 5.1M CAD | 49.6M CAD | 46.9M CAD | 57.5M CAD | 48.8M CAD |
| Net Income | -29.3M CAD | 17.7M CAD | -314,000 CAD | 2.8M CAD | 6.7M CAD | 45.8M CAD | 162.1M CAD | 156.1M CAD | 188.0M CAD | 153.2M CAD |
| EPS | $-0.33 | $0.20 | $-0.00 | $0.03 | $0.05 | $0.23 | $0.71 | $0.66 | $0.80 | $0.64 |
| EPS (Diluted) | $-0.33 | $0.20 | $-0.00 | $0.03 | $0.05 | $0.21 | $0.70 | $0.66 | $0.80 | $0.64 |
| Shares Outstanding (Diluted) | 88.7 M | 88.8 M | 89.1 M | 88.8 M | 145.4 M | 215.9 M | 230.8 M | 237.7 M | 236.4 M | 239.9 M |
Price
| Price | $14.77 (closing price, October 28, 2026) |
| Market Cap | $2.5B |
| Exchange | TSX |
| Country | CA |
Related companies: TOU.TO · WCP.TO · TVE.TO · POU.TO · SDE.TO
Explore sector: Energy · Oil & Gas Exploration & Production
More sections of HWX.TO: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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