Headwater Exploration Inc

Research Headwater Exploration Inc (HWX) on Bullrun: valuation model: 6.5% undervalued, market cap CAD 2.96B, P/E 21.4, dividend yield 3.9%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

• TickerHWX
• ExchangeTO
• CountryCanada
• SectorEnergy
• IndustryOil & Gas E&P
• CurrencyCAD
• Valuation signal6.5% undervalued
• Market capCAD 2.96B
• P/E21.4
• Dividend yield3.9%
• Financial periodQ4 2025
• RevenueCAD 151.08M
• Net incomeCAD 29.31M
• Free cash flowCAD 26.60M
• Gross margin54.8%

Valuation Snapshot

Bullrun's latest valuation model marks Headwater Exploration Inc as 6.5% undervalued; latest market cap is CAD 2.96B; P/E is 21.4; dividend yield is 3.9%.

About Headwater Exploration Inc

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. The company was incorporated in 1996 and is based in Calgary, Canada.

Frequently asked questions

Is Headwater Exploration Inc overvalued or undervalued?

Bullrun's valuation model currently marks Headwater Exploration Inc as 6.5% undervalued.

What is Headwater Exploration Inc's market cap?

Headwater Exploration Inc's market capitalization is CAD 2.96B.

What is Headwater Exploration Inc's P/E ratio?

Headwater Exploration Inc's price-to-earnings (P/E) ratio is 21.4.

Does Headwater Exploration Inc pay a dividend?

Headwater Exploration Inc has a dividend yield of 3.9%.

What does Headwater Exploration Inc do?

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.