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Headwater Exploration Inc. (HWX-T)
TSE:HWX
6.63
0.22
(3.21%) 1d
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Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)Nasdaq makes another record highThis summary was created by AI, based on 7 opinions in the last 12 months.
Headwater Exploration Inc. (HWX) has garnered a mix of opinions from various experts, highlighting its ongoing exploration success and potential for substantial upside. A number of analysts emphasize the company's strong management and robust balance sheet, noting that it appears to be trading at a discount compared to its potential, with expected upside ranging from 20% to 51%. The current dividend yield of around 5-6% has attracted attention, with expectations for growth in the dividend as cash flows improve. Despite some recent sell-offs, the company's production targets and strategic projects for the year indicate a positive outlook for future performance. Overall, HWX is characterized as a small-cap stock with significant running room and a strong possibility for capital appreciation.
$6.540
Unknown
Great little small-cap name. Ongoing exploration success. A lot more running room. Should be trading at 70-80% upside from here. Yield is 6%.
Large selloff recently after a momentum frenzy in the sector, he added. Now about a 5.5% weight for him. Targets $11 price, 51% upside. Yield is 5.5%, which will grow over time.
We reiterate HWX as a TOP PICK. Management reports production remains on target for annualized production of 20,000 boe/d for 2024 and capital has been allocated on several projects for the balance of the year. It trades at 11x earnings and supports a 27% ROE. Its dividend is backed by a payout ratio under 65% of cash flow, which still allows quarterly cash flow to grow. We recommend trailing up the stop from $6.25 to $7.00, looking to achieve $9.00 -- upside potential of 20%. Yield 5.4%
(Analysts’ price target is $9.32)Checks the boxes: quality management, strong balance sheet and have decent inventories.
Great exposure to the WCS-WTI gap shrinking this year as the Transmountain becomes fully operational later this year. The 6% dividend will grow 10-15% this year, and they plan to grow overall by 50% over 2023. Strong cash flow as they expand. Interesting exploration plans. Fantastic results.
(Analysts’ price target is $8.88)The Calgary-based oil and gas producer focuses on slow declining long-life reserves in Marten Hills and New Brunswick. Recently reported earnings were up over 50% on the year. It trades at 11x earnings, 2.5x book and supports a 27% ROE. Its high dividend is supported by a payout ratio under 65% of cash flow. We recommend setting a stop-loss at $4.75, looking to achieve $9.00 -- upside potential over 35%. Yield 6.3%
(Analysts’ price target is $9.18)High growth, about 40% production growth in 2023. Great ROC potential. Very well run. CEO change by year's end. Lots of running room. Good scalability. Expects a takeover in 12-18 months. Yields around 5%.
Excellent company with best oil play in North America.
Very strong management team.
New "Fish bone" drilling technique could be very profitable.
Expecting 50% upside given current oil price.
Owns shares in company.
Trades at a premium. Proven management team. Exposure to Clearwater, the most economic play in NA. Amenable to multi-lateral drilling, and there's upside embedded in that. He sold some, but still meaningful upside. Yield is 5.8%, lots of room to increase.
Purest Clearwater play, the most economic play in Canada. Purest CWS exposure, and he's bullish on the differential. Recent good exploration drilling. Trades at a modest premium. Yield is 6.48%, which could potentially increase by 50% this fall.
(Analysts’ price target is $8.81)CEO has a great reputation. Stock's not moved too much. Nice position in Clearwater, one of the best plays in Western Canada. Moving to a dividend strategy, which will increase investor interest. Assuming oil prices hold in, dividend should be well covered with cashflow and they should be able to grow production a bit.
Too small for him, but great choice of a smaller name that has torque.
His theme today is leverage, nice yield, and ability to grow cash. Growing 40% production this year, 25% next year. $100M of cash, which could grow to being 20-25% of market cap. Clean balance sheet. Can tuck in land acquisitions to build inventory. In one of the hottest plays in Canada. Very strong free cashflow. Yield is 6.39%, which could grow easily to 8-9%.
(Analysts’ price target is $9.11)Currently in a net cash position.
Owns 9.9% of company.
Large producer in Clearwater (most economic play in North America).
Remarkable exploration results recently.
Very good CEO with Neil Roszell.
More inventory that market thinks.
Currently yielding ~5.5% dividend.
Headwater Exploration Inc. (HWX-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 5
Headwater Exploration Inc. (HWX-T) Frequently Asked Questions
What is Headwater Exploration Inc. stock symbol?
Headwater Exploration Inc. is a Canadian stock, trading under the symbol HWX-T on the Toronto Stock Exchange (HWX-CT). It is usually referred to as TSX:HWX or HWX-T
Is Headwater Exploration Inc. a buy or a sell?
In the last year, 5 stock analysts published opinions about HWX-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Headwater Exploration Inc. .
Is Headwater Exploration Inc. a good investment or a top pick?
Headwater Exploration Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Headwater Exploration Inc. .
Why is Headwater Exploration Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Headwater Exploration Inc. worth watching?
5 stock analysts on Stockchase covered Headwater Exploration Inc. In the last year. It is a trending stock that is worth watching.
What is Headwater Exploration Inc. stock price?
On 2025-02-21, Headwater Exploration Inc. (HWX-T) stock closed at a price of $6.63.
Our PAST TOP PICK with HWX has triggered its stop at $7. To remain disciplined, we recommend covering the position at this time. When combined with our previous recommendation this will result in a net investment gain of 2%.