View ValuationHeadwater Exploration 향후 성장Future 기준 점검 1/6Headwater Exploration 의 수익은 연간 8.9% 감소할 것으로 예상되는 반면, 연간 수익은 13.8% 로 증가할 것으로 예상됩니다. EPS는 연간 9.5% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-8.9%이익 성장률-9.49%EPS 성장률Oil and Gas 이익 성장9.9%매출 성장률13.8%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트01 May 2026최근 향후 성장 업데이트Price Target Changed • Mar 06Price target increased by 16% to CA$13.31Up from CA$11.44, the current price target is an average from 9 analysts. New target price is 8.3% above last closing price of CA$12.29. Stock is up 103% over the past year. The company is forecast to post earnings per share of CA$0.56 for next year compared to CA$0.64 last year.Price Target Changed • Jan 27Price target increased by 8.2% to CA$10.94Up from CA$10.11, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of CA$11.30. Stock is up 67% over the past year. The company is forecast to post earnings per share of CA$0.68 for next year compared to CA$0.80 last year.Price Target Changed • Dec 05Price target increased by 9.7% to CA$10.06Up from CA$9.17, the current price target is an average from 9 analysts. New target price is 6.0% above last closing price of CA$9.49. Stock is up 39% over the past year. The company is forecast to post earnings per share of CA$0.65 for next year compared to CA$0.80 last year.공시 • Dec 04Headwater Exploration Inc. Approves an Initial 2026 Budget of Annual ProductionHeadwater Exploration Inc. approved an initial 2026 budget of annual production of 24,500 boe/d representing 8% year over year production per share growth. The 2026 budget is expected to generate 8% production per share growth at a 37% re-investment rate of adjusted funds flow from operations at USD 60.00/bbl WTI, while paying a $0.44/common share annual dividend and maintaining positive 2026 exit adjusted working capital.Major Estimate Revision • Nov 14Consensus revenue estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$529.6m to CA$590.5m. EPS estimate unchanged from CA$0.93 at last update. Oil and Gas industry in Canada expected to see average net income growth of 13% next year. Consensus price target reaffirmed at CA$9.39. Share price fell 2.8% to CA$6.87 over the past week.Price Target Changed • Feb 14Price target decreased by 7.5% to CA$8.46Down from CA$9.14, the current price target is an average from 6 analysts. New target price is 33% above last closing price of CA$6.34. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of CA$0.65 for next year compared to CA$0.71 last year.모든 업데이트 보기Recent updatesRecent Insider Transactions • May 11Lead Independent Director recently sold CA$1.3m worth of stockOn the 5th of May, Kevin Olson sold around 100k shares on-market at roughly CA$13.32 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$13m more than they bought in the last 12 months.Declared Dividend • May 06First quarter dividend of CA$0.12 announcedShareholders will receive a dividend of CA$0.12. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 3.5%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (298% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 9.5% over the next year. However, it would need to fall by 16% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • May 01First quarter 2026 earnings released: EPS: CA$0.15 (vs CA$0.21 in 1Q 2025)First quarter 2026 results: EPS: CA$0.15 (down from CA$0.21 in 1Q 2025). Revenue: CA$132.4m (down 6.4% from 1Q 2025). Net income: CA$35.6m (down 29% from 1Q 2025). Profit margin: 27% (down from 35% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Mar 25Independent Director recently sold CA$624k worth of stockOn the 23rd of March, David Pearce sold around 50k shares on-market at roughly CA$12.48 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$1.6m. Insiders have been net sellers, collectively disposing of CA$12m more than they bought in the last 12 months.Upcoming Dividend • Mar 24Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Canadian dividend payers (5.7%). In line with average of industry peers (3.5%).Recent Insider Transactions • Mar 11Independent Director recently sold CA$689k worth of stockOn the 9th of March, David Pearce sold around 57k shares on-market at roughly CA$12.09 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$1.6m. Insiders have been net sellers, collectively disposing of CA$11m more than they bought in the last 12 months.공시 • Mar 10Headwater Exploration Inc., Annual General Meeting, May 20, 2026Headwater Exploration Inc., Annual General Meeting, May 20, 2026.Declared Dividend • Mar 09Fourth quarter dividend of CA$0.11 announcedDividend of CA$0.11 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 3.6%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but not covered by cash flows (152% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 26% over the next 2 years. Since a fall of 24% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.Price Target Changed • Mar 06Price target increased by 16% to CA$13.31Up from CA$11.44, the current price target is an average from 9 analysts. New target price is 8.3% above last closing price of CA$12.29. Stock is up 103% over the past year. The company is forecast to post earnings per share of CA$0.56 for next year compared to CA$0.64 last year.Reported Earnings • Mar 06Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: CA$0.64 (down from CA$0.80 in FY 2024). Revenue: CA$507.1m (flat on FY 2024). Net income: CA$153.2m (down 19% from FY 2024). Profit margin: 30% (down from 37% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Feb 05Headwater Exploration Inc. (TSE:HWX) Stock Rockets 26% As Investors Are Less Pessimistic Than ExpectedHeadwater Exploration Inc. ( TSE:HWX ) shares have continued their recent momentum with a 26% gain in the last month...Price Target Changed • Jan 27Price target increased by 8.2% to CA$10.94Up from CA$10.11, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of CA$11.30. Stock is up 67% over the past year. The company is forecast to post earnings per share of CA$0.68 for next year compared to CA$0.80 last year.Recent Insider Transactions • Jan 22Chief Operating Officer recently sold CA$1.6m worth of stockOn the 19th of January, Brad Christman sold around 150k shares on-market at roughly CA$10.52 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Brad's only on-market trade for the last 12 months.Upcoming Dividend • Dec 24Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Lower than top quartile of Canadian dividend payers (5.9%). In line with average of industry peers (4.4%).Recent Insider Transactions • Dec 22Chief Financial Officer recently sold CA$635k worth of stockOn the 16th of December, Alexandra Horvath sold around 73k shares on-market at roughly CA$8.76 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$954k. This was Alexandra's only on-market trade for the last 12 months.Recent Insider Transactions • Dec 10Independent Director recently sold CA$954k worth of stockOn the 5th of December, Stephen Larke sold around 100k shares on-market at roughly CA$9.54 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.1m more than they bought in the last 12 months.Price Target Changed • Dec 05Price target increased by 9.7% to CA$10.06Up from CA$9.17, the current price target is an average from 9 analysts. New target price is 6.0% above last closing price of CA$9.49. Stock is up 39% over the past year. The company is forecast to post earnings per share of CA$0.65 for next year compared to CA$0.80 last year.공시 • Dec 04Headwater Exploration Inc. Approves Budget of Quarterly Dividend for the Fiscal Year of 2026Headwater Exploration Inc.'s Board has approved an initial 2026 budget of quarterly dividend of $0.11/common share representing an approximate 5.0% yield.분석 기사 • Dec 04Headwater Exploration (TSE:HWX) Will Pay A Dividend Of CA$0.11The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.11 per share on...공시 • Dec 04Headwater Exploration Inc. Approves an Initial 2026 Budget of Annual ProductionHeadwater Exploration Inc. approved an initial 2026 budget of annual production of 24,500 boe/d representing 8% year over year production per share growth. The 2026 budget is expected to generate 8% production per share growth at a 37% re-investment rate of adjusted funds flow from operations at USD 60.00/bbl WTI, while paying a $0.44/common share annual dividend and maintaining positive 2026 exit adjusted working capital.분석 기사 • Nov 20There's No Escaping Headwater Exploration Inc.'s (TSE:HWX) Muted Earnings Despite A 28% Share Price RiseThe Headwater Exploration Inc. ( TSE:HWX ) share price has done very well over the last month, posting an excellent...Declared Dividend • Nov 02Third quarter dividend of CA$0.11 announcedShareholders will receive a dividend of CA$0.11. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 5.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (151% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 34% over the next 2 years. A fall of 34% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.Reported Earnings • Oct 31Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CA$0.15 (down from CA$0.20 in 3Q 2024). Revenue: CA$125.5m (down 2.7% from 3Q 2024). Net income: CA$35.9m (down 25% from 3Q 2024). Profit margin: 29% (down from 37% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Oct 31Headwater Exploration Inc. Declares a Quarterly Cash Dividend, Payable on January 15, 2026The Board of Directors of Headwater Exploration Inc. declared a quarterly cash dividend to shareholders of $0.11 per common share payable on January 15, 2026, to shareholders of record at the close of business on December 31, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).Buy Or Sell Opportunity • Oct 09Now 22% undervaluedOver the last 90 days, the stock has risen 9.6% to CA$7.63. The fair value is estimated to be CA$9.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to decline by 33% in the next 2 years.Upcoming Dividend • Sep 22Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (4.4%).분석 기사 • Sep 15Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11Headwater Exploration Inc.'s ( TSE:HWX ) investors are due to receive a payment of CA$0.11 per share on 15th of...분석 기사 • Jul 28Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend on the 15th of October...Declared Dividend • Jul 28Second quarter dividend of CA$0.11 announcedShareholders will receive a dividend of CA$0.11. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 5.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 47% over the next 3 years. Since a fall of 40% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.공시 • Jul 25+ 1 more updateHeadwater Exploration Inc. Appoints Karen Nielsen as New Member of Board of Directors, Effective July 23, 2025Headwater Exploration Inc. appointed Karen Nielsen as Board of Directors effective July 23, 2025. Karen was previously the Executive Vice President and Chief Commercial Officer at ATCO EnPower.Reported Earnings • Jul 24Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: CA$0.16 (down from CA$0.23 in 2Q 2024). Revenue: CA$120.5m (down 11% from 2Q 2024). Net income: CA$38.0m (down 29% from 2Q 2024). Profit margin: 32% (down from 40% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.분석 기사 • Jul 14The Market Doesn't Like What It Sees From Headwater Exploration Inc.'s (TSE:HWX) Earnings YetWhen close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 17x, you may consider...Upcoming Dividend • Jun 23Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 48% and the cash payout ratio is 94%. Trailing yield: 6.1%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (4.7%).공시 • May 27Headwater Exploration Inc. to Report Q2, 2025 Results on Jul 23, 2025Headwater Exploration Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025Board Change • May 13Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Director Cheree Stephenson was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.분석 기사 • May 13Headwater Exploration's (TSE:HWX) Dividend Will Be CA$0.11The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.11 per share on...Reported Earnings • May 05First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: CA$0.21 (up from CA$0.16 in 1Q 2024). Revenue: CA$141.5m (up 26% from 1Q 2024). Net income: CA$50.0m (up 33% from 1Q 2024). Profit margin: 35% (up from 34% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.분석 기사 • May 02Headwater Exploration Inc.'s (TSE:HWX) CEO Will Probably Find It Hard To See A Huge Raise This YearKey Insights Headwater Exploration will host its Annual General Meeting on 8th of May Total pay for CEO Jason Jaskela...공시 • May 02Headwater Exploration Inc. Declares Cash Dividend for the Second Quarter, Payable on July 15, 2025The Board of Directors of Headwater has declared a quarterly cash dividend to shareholders of $0.11 per common share payable on July 15, 2025, to shareholders of record at the close of business on June 30, 2025.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CA$5.26, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total loss to shareholders of 9.4% over the past three years.분석 기사 • Mar 17Headwater Exploration's (TSE:HWX) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will be paying its dividend of CA$0.11 on the...Declared Dividend • Mar 17Fourth quarter dividend of CA$0.11 announcedShareholders will receive a dividend of CA$0.11. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 6.6%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 2 years and payments have been stable during that time. EPS is expected to decline by 44% over the next 3 years. A fall of 44% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.Reported Earnings • Mar 14Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: CA$0.80 (up from CA$0.66 in FY 2023). Revenue: CA$511.5m (up 20% from FY 2023). Net income: CA$188.0m (up 21% from FY 2023). Profit margin: 37% (in line with FY 2023). Oil reserves Proven reserves: 30.117 MMbbls Gas reserves Proven reserves: 28.483 Bcf LNG reserves Proven reserves: 0.239 MMbbls Combined production Oil equivalent production: 7.414 MMboe (6.581 MMboe in FY 2023) Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Mar 14Headwater Exploration Inc. Declares First Quarter Dividend, Payable on April 15, 2025Headwater Exploration Inc. confirms a first quarter cash dividend to shareholders of $0.11 per common share payable on April 15, 2025, to shareholders of record at the close of business on March 31, 2025.공시 • Mar 04Headwater Exploration Inc., Annual General Meeting, May 08, 2025Headwater Exploration Inc., Annual General Meeting, May 08, 2025.분석 기사 • Jan 13A Look At The Intrinsic Value Of Headwater Exploration Inc. (TSE:HWX)Key Insights The projected fair value for Headwater Exploration is CA$7.64 based on 2 Stage Free Cash Flow to Equity...Upcoming Dividend • Dec 24Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. Payout ratio is a comfortable 51% and the cash payout ratio is 86%. Trailing yield: 6.7%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (4.8%).공시 • Dec 06+ 1 more updateHeadwater Exploration Inc. Announces Dividend Increase Beginning in 2025Headwater Exploration Inc. announced a 10% increase to the quarterly dividend beginning in 2025. Beginning in 2025, the quarterly dividend will increase to $0.11 per common share representing a 6.3% yield at a $7.00 common share price.Major Estimate Revision • Nov 14Consensus revenue estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$529.6m to CA$590.5m. EPS estimate unchanged from CA$0.93 at last update. Oil and Gas industry in Canada expected to see average net income growth of 13% next year. Consensus price target reaffirmed at CA$9.39. Share price fell 2.8% to CA$6.87 over the past week.분석 기사 • Nov 12Headwater Exploration (TSE:HWX) Is Due To Pay A Dividend Of CA$0.10Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.10 per share on the 15th of...Declared Dividend • Nov 11Third quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 5.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to decline by 8.1% over the next 2 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.21 in 3Q 2023)Third quarter 2024 results: EPS: CA$0.20 (down from CA$0.21 in 3Q 2023). Revenue: CA$129.7m (up 3.7% from 3Q 2023). Net income: CA$47.6m (down 4.1% from 3Q 2023). Profit margin: 37% (down from 40% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Nov 08+ 1 more updateHeadwater Exploration Inc. Declares A Quarterly Cash Dividend, Payable on January 15, 2025Headwater Exploration Inc. has declared a quarterly cash dividend to shareholders of $0.10 per common share payable on January 15, 2025, to shareholders of record at the close of business on December 31, 2024.분석 기사 • Oct 04We Ran A Stock Scan For Earnings Growth And Headwater Exploration (TSE:HWX) Passed With EaseIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Upcoming Dividend • Sep 20Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 51% and the cash payout ratio is 95%. Trailing yield: 6.1%. Within top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (4.8%).분석 기사 • Sep 07Returns On Capital Are A Standout For Headwater Exploration (TSE:HWX)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...분석 기사 • Aug 05Investors Aren't Entirely Convinced By Headwater Exploration Inc.'s (TSE:HWX) EarningsHeadwater Exploration Inc.'s ( TSE:HWX ) price-to-earnings (or "P/E") ratio of 8.6x might make it look like a buy right...Declared Dividend • Jul 29Second quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 5.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: CA$0.23 (vs CA$0.13 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.23 (up from CA$0.13 in 2Q 2023). Revenue: CA$135.6m (up 26% from 2Q 2023). Net income: CA$53.9m (up 74% from 2Q 2023). Profit margin: 40% (up from 29% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.공시 • Jul 26Headwater Exploration Inc. Declares Third Quarter Dividend, Payable on October 15, 2024The Board of Directors of Headwater Exploration Inc. has declared a quarterly cash dividend to shareholders of $0.10 per common share payable on October 15, 2024, to shareholders of record at the close of business on September 27, 2024.Recent Insider Transactions • Jul 01Insider recently sold CA$734k worth of stockOn the 24th of June, Jonathan Grimwood sold around 103k shares on-market at roughly CA$7.14 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$9.7m. Insiders have been net sellers, collectively disposing of CA$30m more than they bought in the last 12 months.Recent Insider Transactions • Jun 23Independent Director recently sold CA$832k worth of stockOn the 20th of June, Chandra Henry sold around 119k shares on-market at roughly CA$6.98 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$9.7m. Insiders have been net sellers, collectively disposing of CA$29m more than they bought in the last 12 months.Recent Insider Transactions • Jun 10CEO, President & Director recently sold CA$770k worth of stockOn the 7th of June, Jason Jaskela sold around 108k shares on-market at roughly CA$7.13 per share. This transaction amounted to 95% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$9.7m. Jason has been a net seller over the last 12 months, reducing personal holdings by CA$1.1m.Declared Dividend • May 13First quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 5.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but not covered by cash flows (152% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 6.7% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • May 11+ 1 more updateHeadwater Exploration Inc. Declares Second Quarter Dividend, Payable on July 15, 2024 and Provides Quarterly Dividend Guidance for the Year 2024The Board of Directors of Headwater Exploration Inc. has declared a second quarter cash dividend to shareholders of $0.10 per common share for the payable on July 15, 2024, to shareholders of record at the close of business on June 28, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).The company expects quarterly dividend to be $0.10/common share for the year 2024.Reported Earnings • May 10First quarter 2024 earnings released: EPS: CA$0.16 (vs CA$0.13 in 1Q 2023)First quarter 2024 results: EPS: CA$0.16 (up from CA$0.13 in 1Q 2023). Revenue: CA$112.5m (up 27% from 1Q 2023). Net income: CA$37.6m (up 26% from 1Q 2023). Profit margin: 34% (in line with 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Apr 14Insider recently sold CA$1.7m worth of stockOn the 9th of April, Jonathan Grimwood sold around 200k shares on-market at roughly CA$8.35 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$9.7m. Insiders have been net sellers, collectively disposing of CA$27m more than they bought in the last 12 months.Recent Insider Transactions • Apr 10Independent Director recently sold CA$9.7m worth of stockOn the 2nd of April, Stephen Larke sold around 1m shares on-market at roughly CA$7.81 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$25m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Apr 03Chief Operating Officer exercised options and sold CA$202k worth of stockOn the 28th of March, Brad Christman exercised options to acquire 26k shares at no cost and sold these for an average price of CA$7.72 per share. This trade did not impact their existing holding. Since June 2023, Brad has owned 1.00m shares directly. Company insiders have collectively sold CA$20m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Apr 01Independent Director recently sold CA$5.1m worth of stockOn the 28th of March, Stephen Larke sold around 660k shares on-market at roughly CA$7.76 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$18m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Mar 25VP of Finance & CFO (Leave of Absence) exercised options and sold CA$689k worth of stockOn the 20th of March, Alexandra Horvath exercised options to acquire 90k shares at no cost and sold these for an average price of CA$7.64 per share. This trade did not impact their existing holding. Since March 2023, Alexandra's direct individual holding has decreased from 1.17m shares to 1.01m. Company insiders have collectively sold CA$20m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Mar 20Insider recently sold CA$1.9m worth of stockOn the 18th of March, Terry Danku sold around 250k shares on-market at roughly CA$7.45 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$17m more than they bought in the last 12 months.Upcoming Dividend • Mar 20Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (5.0%).Recent Insider Transactions Derivative • Mar 15Independent Director exercised options to buy CA$193k worth of stock.On the 11th of March, Kam Sandhar exercised options to buy 26k shares at a strike price of around CA$7.06, costing a total of CA$187k. This transaction amounted to 52% of their direct individual holding at the time of the trade. Since March 2023, Kam has owned 50.94k shares directly. Company insiders have collectively sold CA$21m more than they bought, via options and on-market transactions in the last 12 months.Declared Dividend • Mar 11Fourth quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 5.7%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (150% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to decline by 3.5% over the next 2 years. However, it would need to fall by 33% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Mar 10Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: CA$0.66 (down from CA$0.71 in FY 2022). Revenue: CA$425.5m (up 14% from FY 2022). Net income: CA$156.1m (down 3.7% from FY 2022). Profit margin: 37% (down from 43% in FY 2022). The decrease in margin was driven by higher expenses. Oil reserves Proven reserves: 22.79 MMbbls Gas reserves Proven reserves: 25.024 Bcf LNG reserves Proven reserves: 0.15 MMbbls Combined production Oil equivalent production: 6.581 MMboe (4.685 MMboe in FY 2022) Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공시 • Mar 08+ 1 more updateHeadwater Exploration Inc. Declares First Quarter Dividend, Payable on April 15, 2024The Board of Directors of Headwater confirms a cash dividend for the first quarter to shareholders of $0.10 per common share payable on April 15, 2024, to shareholders of record at the close of business on March 29, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).공시 • Mar 01Headwater Exploration Inc., Annual General Meeting, May 09, 2024Headwater Exploration Inc., Annual General Meeting, May 09, 2024.Price Target Changed • Feb 14Price target decreased by 7.5% to CA$8.46Down from CA$9.14, the current price target is an average from 6 analysts. New target price is 33% above last closing price of CA$6.34. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of CA$0.65 for next year compared to CA$0.71 last year.Recent Insider Transactions • Jan 15Lead Independent Director recently bought CA$599k worth of stockOn the 10th of January, Kevin Olson bought around 100k shares on-market at roughly CA$5.99 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$18m more in shares than they bought in the last 12 months.Recent Insider Transactions • Dec 25President recently sold CA$309k worth of stockOn the 22nd of December, Jason Jaskela sold around 48k shares on-market at roughly CA$6.50 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jason's only on-market trade for the last 12 months.Upcoming Dividend • Dec 22Upcoming dividend of CA$0.10 per share at 6.1% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Lower than top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (5.4%).공시 • Nov 11Headwater Exploration Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2024The Board of Directors of Headwater has declared a quarterly cash dividend to shareholders of $0.10 per common share payable on January 15, 2024, to shareholders of record at the close of business on December 29, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: CA$0.21 (vs CA$0.14 in 3Q 2022)Third quarter 2023 results: EPS: CA$0.21 (up from CA$0.14 in 3Q 2022). Revenue: CA$125.1m (up 65% from 3Q 2022). Net income: CA$49.7m (up 57% from 3Q 2022). Profit margin: 40% (down from 42% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of CA$0.10 per share at 5.6% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (5.0%).Recent Insider Transactions • Sep 19Independent Director recently sold CA$314k worth of stockOn the 12th of September, David Pearce sold around 43k shares on-market at roughly CA$7.31 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$2.9m. Insiders have been net sellers, collectively disposing of CA$20m more than they bought in the last 12 months.공시 • Sep 17Headwater Exploration Inc. Announces Chief Financial Officer ChangesHeadwater Exploration Inc. appointed Georgia Little to the position of chief financial officer. Ali Horvath, the company's current chief financial officer, is expected to be on maternity leave in October. Little is a chartered professional accountant and she has been the controller of Headwater since April 2020.공시 • Sep 15Headwater Exploration Inc. Declares Quarterly Cash Dividend, Payable on October 16, 2023Headwater Exploration Inc. announced its Board of Directors has declared a quarterly cash dividend to shareholders of CAD 0.10 per common share in alignment with the Company's return of capital strategy. This quarterly dividend will be paid on October 16, 2023, to shareholders of record at the close of business on September 29, 2023. These dividends are designated eligible dividends for the purposes of the Income Tax Act (Canada).Recent Insider Transactions • Sep 03Insider recently sold CA$2.9m worth of stockOn the 29th of August, Terry Danku sold around 416k shares on-market at roughly CA$7.05 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$20m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Aug 13Vice-President of Exploration exercised options and sold CA$1.5m worth of stockOn the 8th of August, Jonathan Grimwood exercised options to acquire 197k shares at no cost and sold these for an average price of CA$7.47 per share. This trade did not impact their existing holding. Since December 2022, Jonathan's direct individual holding has decreased from 1.54m shares to 999.99k. Company insiders have collectively sold CA$22m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Aug 13Independent Director recently sold CA$341k worth of stockOn the 9th of August, Stephen Larke sold around 45k shares on-market at roughly CA$7.54 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$2.1m. Insiders have been net sellers, collectively disposing of CA$17m more than they bought in the last 12 months.이익 및 매출 성장 예측TSX:HWX - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2027703119167401312/31/202682313016244223/31/202652313935267N/A12/31/202551415369297N/A9/30/202552217370300N/A6/30/202552518589310N/A3/31/2025541200111332N/A12/31/202451118894317N/A9/30/2024490185121331N/A6/30/202448418799322N/A3/31/202444916462298N/A12/31/202342615663303N/A9/30/202340915013279N/A6/30/2023361132-2266N/A3/31/202336015047283N/A12/31/202237316235284N/A9/30/202234015030265N/A6/30/202230714519221N/A3/31/2022244101-26160N/A12/31/202116546-29112N/A9/30/202110735-3162N/A6/30/2021647-2234N/A3/31/2021301-2812N/A12/31/202097-20N/A9/30/20205-911N/A6/30/20205-812N/A3/31/20206-722N/A12/31/201993N/A9N/A9/30/2019107N/A7N/A6/30/2019107N/A7N/A3/31/201911-3N/A8N/A12/31/2018160N/A10N/A9/30/2018167N/A11N/A6/30/20181613N/A10N/A3/31/20181421N/A8N/A12/31/2017718N/A1N/A9/30/2017716N/A2N/A6/30/2017911N/A4N/A3/31/201711-29N/A4N/A12/31/201613-29N/A4N/A9/30/201615-76N/A5N/A6/30/201613-75N/A4N/A3/31/201612-34N/A4N/A12/31/201516-32N/A8N/A9/30/201517-26N/A9N/A6/30/201519-25N/A10N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: HWX 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -8.9%).수익 vs 시장: HWX 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -8.9%).고성장 수익: HWX 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: HWX 의 수익(연간 13.8%)이 Canadian 시장(연간 4.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: HWX 의 수익(연간 13.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: HWX의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/07 10:05종가2026/06/05 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Headwater Exploration Inc.는 17명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Laique Ahmad Amir ArifATB CormarkPatrick O'RourkeATB CormarkKuno RyckborstBeacon Securities Limited14명의 분석가 더 보기
Price Target Changed • Mar 06Price target increased by 16% to CA$13.31Up from CA$11.44, the current price target is an average from 9 analysts. New target price is 8.3% above last closing price of CA$12.29. Stock is up 103% over the past year. The company is forecast to post earnings per share of CA$0.56 for next year compared to CA$0.64 last year.
Price Target Changed • Jan 27Price target increased by 8.2% to CA$10.94Up from CA$10.11, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of CA$11.30. Stock is up 67% over the past year. The company is forecast to post earnings per share of CA$0.68 for next year compared to CA$0.80 last year.
Price Target Changed • Dec 05Price target increased by 9.7% to CA$10.06Up from CA$9.17, the current price target is an average from 9 analysts. New target price is 6.0% above last closing price of CA$9.49. Stock is up 39% over the past year. The company is forecast to post earnings per share of CA$0.65 for next year compared to CA$0.80 last year.
공시 • Dec 04Headwater Exploration Inc. Approves an Initial 2026 Budget of Annual ProductionHeadwater Exploration Inc. approved an initial 2026 budget of annual production of 24,500 boe/d representing 8% year over year production per share growth. The 2026 budget is expected to generate 8% production per share growth at a 37% re-investment rate of adjusted funds flow from operations at USD 60.00/bbl WTI, while paying a $0.44/common share annual dividend and maintaining positive 2026 exit adjusted working capital.
Major Estimate Revision • Nov 14Consensus revenue estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$529.6m to CA$590.5m. EPS estimate unchanged from CA$0.93 at last update. Oil and Gas industry in Canada expected to see average net income growth of 13% next year. Consensus price target reaffirmed at CA$9.39. Share price fell 2.8% to CA$6.87 over the past week.
Price Target Changed • Feb 14Price target decreased by 7.5% to CA$8.46Down from CA$9.14, the current price target is an average from 6 analysts. New target price is 33% above last closing price of CA$6.34. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of CA$0.65 for next year compared to CA$0.71 last year.
Recent Insider Transactions • May 11Lead Independent Director recently sold CA$1.3m worth of stockOn the 5th of May, Kevin Olson sold around 100k shares on-market at roughly CA$13.32 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$13m more than they bought in the last 12 months.
Declared Dividend • May 06First quarter dividend of CA$0.12 announcedShareholders will receive a dividend of CA$0.12. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 3.5%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (298% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 9.5% over the next year. However, it would need to fall by 16% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • May 01First quarter 2026 earnings released: EPS: CA$0.15 (vs CA$0.21 in 1Q 2025)First quarter 2026 results: EPS: CA$0.15 (down from CA$0.21 in 1Q 2025). Revenue: CA$132.4m (down 6.4% from 1Q 2025). Net income: CA$35.6m (down 29% from 1Q 2025). Profit margin: 27% (down from 35% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Mar 25Independent Director recently sold CA$624k worth of stockOn the 23rd of March, David Pearce sold around 50k shares on-market at roughly CA$12.48 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$1.6m. Insiders have been net sellers, collectively disposing of CA$12m more than they bought in the last 12 months.
Upcoming Dividend • Mar 24Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Canadian dividend payers (5.7%). In line with average of industry peers (3.5%).
Recent Insider Transactions • Mar 11Independent Director recently sold CA$689k worth of stockOn the 9th of March, David Pearce sold around 57k shares on-market at roughly CA$12.09 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$1.6m. Insiders have been net sellers, collectively disposing of CA$11m more than they bought in the last 12 months.
공시 • Mar 10Headwater Exploration Inc., Annual General Meeting, May 20, 2026Headwater Exploration Inc., Annual General Meeting, May 20, 2026.
Declared Dividend • Mar 09Fourth quarter dividend of CA$0.11 announcedDividend of CA$0.11 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 3.6%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but not covered by cash flows (152% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 26% over the next 2 years. Since a fall of 24% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
Price Target Changed • Mar 06Price target increased by 16% to CA$13.31Up from CA$11.44, the current price target is an average from 9 analysts. New target price is 8.3% above last closing price of CA$12.29. Stock is up 103% over the past year. The company is forecast to post earnings per share of CA$0.56 for next year compared to CA$0.64 last year.
Reported Earnings • Mar 06Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: CA$0.64 (down from CA$0.80 in FY 2024). Revenue: CA$507.1m (flat on FY 2024). Net income: CA$153.2m (down 19% from FY 2024). Profit margin: 30% (down from 37% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Feb 05Headwater Exploration Inc. (TSE:HWX) Stock Rockets 26% As Investors Are Less Pessimistic Than ExpectedHeadwater Exploration Inc. ( TSE:HWX ) shares have continued their recent momentum with a 26% gain in the last month...
Price Target Changed • Jan 27Price target increased by 8.2% to CA$10.94Up from CA$10.11, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of CA$11.30. Stock is up 67% over the past year. The company is forecast to post earnings per share of CA$0.68 for next year compared to CA$0.80 last year.
Recent Insider Transactions • Jan 22Chief Operating Officer recently sold CA$1.6m worth of stockOn the 19th of January, Brad Christman sold around 150k shares on-market at roughly CA$10.52 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Brad's only on-market trade for the last 12 months.
Upcoming Dividend • Dec 24Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Lower than top quartile of Canadian dividend payers (5.9%). In line with average of industry peers (4.4%).
Recent Insider Transactions • Dec 22Chief Financial Officer recently sold CA$635k worth of stockOn the 16th of December, Alexandra Horvath sold around 73k shares on-market at roughly CA$8.76 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$954k. This was Alexandra's only on-market trade for the last 12 months.
Recent Insider Transactions • Dec 10Independent Director recently sold CA$954k worth of stockOn the 5th of December, Stephen Larke sold around 100k shares on-market at roughly CA$9.54 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.1m more than they bought in the last 12 months.
Price Target Changed • Dec 05Price target increased by 9.7% to CA$10.06Up from CA$9.17, the current price target is an average from 9 analysts. New target price is 6.0% above last closing price of CA$9.49. Stock is up 39% over the past year. The company is forecast to post earnings per share of CA$0.65 for next year compared to CA$0.80 last year.
공시 • Dec 04Headwater Exploration Inc. Approves Budget of Quarterly Dividend for the Fiscal Year of 2026Headwater Exploration Inc.'s Board has approved an initial 2026 budget of quarterly dividend of $0.11/common share representing an approximate 5.0% yield.
분석 기사 • Dec 04Headwater Exploration (TSE:HWX) Will Pay A Dividend Of CA$0.11The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.11 per share on...
공시 • Dec 04Headwater Exploration Inc. Approves an Initial 2026 Budget of Annual ProductionHeadwater Exploration Inc. approved an initial 2026 budget of annual production of 24,500 boe/d representing 8% year over year production per share growth. The 2026 budget is expected to generate 8% production per share growth at a 37% re-investment rate of adjusted funds flow from operations at USD 60.00/bbl WTI, while paying a $0.44/common share annual dividend and maintaining positive 2026 exit adjusted working capital.
분석 기사 • Nov 20There's No Escaping Headwater Exploration Inc.'s (TSE:HWX) Muted Earnings Despite A 28% Share Price RiseThe Headwater Exploration Inc. ( TSE:HWX ) share price has done very well over the last month, posting an excellent...
Declared Dividend • Nov 02Third quarter dividend of CA$0.11 announcedShareholders will receive a dividend of CA$0.11. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 5.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (151% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 34% over the next 2 years. A fall of 34% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.
Reported Earnings • Oct 31Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CA$0.15 (down from CA$0.20 in 3Q 2024). Revenue: CA$125.5m (down 2.7% from 3Q 2024). Net income: CA$35.9m (down 25% from 3Q 2024). Profit margin: 29% (down from 37% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Oct 31Headwater Exploration Inc. Declares a Quarterly Cash Dividend, Payable on January 15, 2026The Board of Directors of Headwater Exploration Inc. declared a quarterly cash dividend to shareholders of $0.11 per common share payable on January 15, 2026, to shareholders of record at the close of business on December 31, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Buy Or Sell Opportunity • Oct 09Now 22% undervaluedOver the last 90 days, the stock has risen 9.6% to CA$7.63. The fair value is estimated to be CA$9.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to decline by 33% in the next 2 years.
Upcoming Dividend • Sep 22Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (4.4%).
분석 기사 • Sep 15Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11Headwater Exploration Inc.'s ( TSE:HWX ) investors are due to receive a payment of CA$0.11 per share on 15th of...
분석 기사 • Jul 28Headwater Exploration (TSE:HWX) Is Paying Out A Dividend Of CA$0.11The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend on the 15th of October...
Declared Dividend • Jul 28Second quarter dividend of CA$0.11 announcedShareholders will receive a dividend of CA$0.11. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 5.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 47% over the next 3 years. Since a fall of 40% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
공시 • Jul 25+ 1 more updateHeadwater Exploration Inc. Appoints Karen Nielsen as New Member of Board of Directors, Effective July 23, 2025Headwater Exploration Inc. appointed Karen Nielsen as Board of Directors effective July 23, 2025. Karen was previously the Executive Vice President and Chief Commercial Officer at ATCO EnPower.
Reported Earnings • Jul 24Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: CA$0.16 (down from CA$0.23 in 2Q 2024). Revenue: CA$120.5m (down 11% from 2Q 2024). Net income: CA$38.0m (down 29% from 2Q 2024). Profit margin: 32% (down from 40% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.
분석 기사 • Jul 14The Market Doesn't Like What It Sees From Headwater Exploration Inc.'s (TSE:HWX) Earnings YetWhen close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 17x, you may consider...
Upcoming Dividend • Jun 23Upcoming dividend of CA$0.11 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 48% and the cash payout ratio is 94%. Trailing yield: 6.1%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (4.7%).
공시 • May 27Headwater Exploration Inc. to Report Q2, 2025 Results on Jul 23, 2025Headwater Exploration Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025
Board Change • May 13Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Director Cheree Stephenson was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • May 13Headwater Exploration's (TSE:HWX) Dividend Will Be CA$0.11The board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.11 per share on...
Reported Earnings • May 05First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: CA$0.21 (up from CA$0.16 in 1Q 2024). Revenue: CA$141.5m (up 26% from 1Q 2024). Net income: CA$50.0m (up 33% from 1Q 2024). Profit margin: 35% (up from 34% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
분석 기사 • May 02Headwater Exploration Inc.'s (TSE:HWX) CEO Will Probably Find It Hard To See A Huge Raise This YearKey Insights Headwater Exploration will host its Annual General Meeting on 8th of May Total pay for CEO Jason Jaskela...
공시 • May 02Headwater Exploration Inc. Declares Cash Dividend for the Second Quarter, Payable on July 15, 2025The Board of Directors of Headwater has declared a quarterly cash dividend to shareholders of $0.11 per common share payable on July 15, 2025, to shareholders of record at the close of business on June 30, 2025.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CA$5.26, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total loss to shareholders of 9.4% over the past three years.
분석 기사 • Mar 17Headwater Exploration's (TSE:HWX) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of Headwater Exploration Inc. ( TSE:HWX ) has announced that it will be paying its dividend of CA$0.11 on the...
Declared Dividend • Mar 17Fourth quarter dividend of CA$0.11 announcedShareholders will receive a dividend of CA$0.11. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 6.6%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (111% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 2 years and payments have been stable during that time. EPS is expected to decline by 44% over the next 3 years. A fall of 44% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.
Reported Earnings • Mar 14Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: CA$0.80 (up from CA$0.66 in FY 2023). Revenue: CA$511.5m (up 20% from FY 2023). Net income: CA$188.0m (up 21% from FY 2023). Profit margin: 37% (in line with FY 2023). Oil reserves Proven reserves: 30.117 MMbbls Gas reserves Proven reserves: 28.483 Bcf LNG reserves Proven reserves: 0.239 MMbbls Combined production Oil equivalent production: 7.414 MMboe (6.581 MMboe in FY 2023) Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Mar 14Headwater Exploration Inc. Declares First Quarter Dividend, Payable on April 15, 2025Headwater Exploration Inc. confirms a first quarter cash dividend to shareholders of $0.11 per common share payable on April 15, 2025, to shareholders of record at the close of business on March 31, 2025.
공시 • Mar 04Headwater Exploration Inc., Annual General Meeting, May 08, 2025Headwater Exploration Inc., Annual General Meeting, May 08, 2025.
분석 기사 • Jan 13A Look At The Intrinsic Value Of Headwater Exploration Inc. (TSE:HWX)Key Insights The projected fair value for Headwater Exploration is CA$7.64 based on 2 Stage Free Cash Flow to Equity...
Upcoming Dividend • Dec 24Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. Payout ratio is a comfortable 51% and the cash payout ratio is 86%. Trailing yield: 6.7%. Within top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (4.8%).
공시 • Dec 06+ 1 more updateHeadwater Exploration Inc. Announces Dividend Increase Beginning in 2025Headwater Exploration Inc. announced a 10% increase to the quarterly dividend beginning in 2025. Beginning in 2025, the quarterly dividend will increase to $0.11 per common share representing a 6.3% yield at a $7.00 common share price.
Major Estimate Revision • Nov 14Consensus revenue estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$529.6m to CA$590.5m. EPS estimate unchanged from CA$0.93 at last update. Oil and Gas industry in Canada expected to see average net income growth of 13% next year. Consensus price target reaffirmed at CA$9.39. Share price fell 2.8% to CA$6.87 over the past week.
분석 기사 • Nov 12Headwater Exploration (TSE:HWX) Is Due To Pay A Dividend Of CA$0.10Headwater Exploration Inc. ( TSE:HWX ) has announced that it will pay a dividend of CA$0.10 per share on the 15th of...
Declared Dividend • Nov 11Third quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 5.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to decline by 8.1% over the next 2 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.21 in 3Q 2023)Third quarter 2024 results: EPS: CA$0.20 (down from CA$0.21 in 3Q 2023). Revenue: CA$129.7m (up 3.7% from 3Q 2023). Net income: CA$47.6m (down 4.1% from 3Q 2023). Profit margin: 37% (down from 40% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Nov 08+ 1 more updateHeadwater Exploration Inc. Declares A Quarterly Cash Dividend, Payable on January 15, 2025Headwater Exploration Inc. has declared a quarterly cash dividend to shareholders of $0.10 per common share payable on January 15, 2025, to shareholders of record at the close of business on December 31, 2024.
분석 기사 • Oct 04We Ran A Stock Scan For Earnings Growth And Headwater Exploration (TSE:HWX) Passed With EaseIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Upcoming Dividend • Sep 20Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 51% and the cash payout ratio is 95%. Trailing yield: 6.1%. Within top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (4.8%).
분석 기사 • Sep 07Returns On Capital Are A Standout For Headwater Exploration (TSE:HWX)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
분석 기사 • Aug 05Investors Aren't Entirely Convinced By Headwater Exploration Inc.'s (TSE:HWX) EarningsHeadwater Exploration Inc.'s ( TSE:HWX ) price-to-earnings (or "P/E") ratio of 8.6x might make it look like a buy right...
Declared Dividend • Jul 29Second quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 5.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: CA$0.23 (vs CA$0.13 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.23 (up from CA$0.13 in 2Q 2023). Revenue: CA$135.6m (up 26% from 2Q 2023). Net income: CA$53.9m (up 74% from 2Q 2023). Profit margin: 40% (up from 29% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
공시 • Jul 26Headwater Exploration Inc. Declares Third Quarter Dividend, Payable on October 15, 2024The Board of Directors of Headwater Exploration Inc. has declared a quarterly cash dividend to shareholders of $0.10 per common share payable on October 15, 2024, to shareholders of record at the close of business on September 27, 2024.
Recent Insider Transactions • Jul 01Insider recently sold CA$734k worth of stockOn the 24th of June, Jonathan Grimwood sold around 103k shares on-market at roughly CA$7.14 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$9.7m. Insiders have been net sellers, collectively disposing of CA$30m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 23Independent Director recently sold CA$832k worth of stockOn the 20th of June, Chandra Henry sold around 119k shares on-market at roughly CA$6.98 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$9.7m. Insiders have been net sellers, collectively disposing of CA$29m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 10CEO, President & Director recently sold CA$770k worth of stockOn the 7th of June, Jason Jaskela sold around 108k shares on-market at roughly CA$7.13 per share. This transaction amounted to 95% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$9.7m. Jason has been a net seller over the last 12 months, reducing personal holdings by CA$1.1m.
Declared Dividend • May 13First quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 5.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but not covered by cash flows (152% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 6.7% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • May 11+ 1 more updateHeadwater Exploration Inc. Declares Second Quarter Dividend, Payable on July 15, 2024 and Provides Quarterly Dividend Guidance for the Year 2024The Board of Directors of Headwater Exploration Inc. has declared a second quarter cash dividend to shareholders of $0.10 per common share for the payable on July 15, 2024, to shareholders of record at the close of business on June 28, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).The company expects quarterly dividend to be $0.10/common share for the year 2024.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: CA$0.16 (vs CA$0.13 in 1Q 2023)First quarter 2024 results: EPS: CA$0.16 (up from CA$0.13 in 1Q 2023). Revenue: CA$112.5m (up 27% from 1Q 2023). Net income: CA$37.6m (up 26% from 1Q 2023). Profit margin: 34% (in line with 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Apr 14Insider recently sold CA$1.7m worth of stockOn the 9th of April, Jonathan Grimwood sold around 200k shares on-market at roughly CA$8.35 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$9.7m. Insiders have been net sellers, collectively disposing of CA$27m more than they bought in the last 12 months.
Recent Insider Transactions • Apr 10Independent Director recently sold CA$9.7m worth of stockOn the 2nd of April, Stephen Larke sold around 1m shares on-market at roughly CA$7.81 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$25m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Apr 03Chief Operating Officer exercised options and sold CA$202k worth of stockOn the 28th of March, Brad Christman exercised options to acquire 26k shares at no cost and sold these for an average price of CA$7.72 per share. This trade did not impact their existing holding. Since June 2023, Brad has owned 1.00m shares directly. Company insiders have collectively sold CA$20m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Apr 01Independent Director recently sold CA$5.1m worth of stockOn the 28th of March, Stephen Larke sold around 660k shares on-market at roughly CA$7.76 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$18m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Mar 25VP of Finance & CFO (Leave of Absence) exercised options and sold CA$689k worth of stockOn the 20th of March, Alexandra Horvath exercised options to acquire 90k shares at no cost and sold these for an average price of CA$7.64 per share. This trade did not impact their existing holding. Since March 2023, Alexandra's direct individual holding has decreased from 1.17m shares to 1.01m. Company insiders have collectively sold CA$20m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Mar 20Insider recently sold CA$1.9m worth of stockOn the 18th of March, Terry Danku sold around 250k shares on-market at roughly CA$7.45 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$17m more than they bought in the last 12 months.
Upcoming Dividend • Mar 20Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (5.0%).
Recent Insider Transactions Derivative • Mar 15Independent Director exercised options to buy CA$193k worth of stock.On the 11th of March, Kam Sandhar exercised options to buy 26k shares at a strike price of around CA$7.06, costing a total of CA$187k. This transaction amounted to 52% of their direct individual holding at the time of the trade. Since March 2023, Kam has owned 50.94k shares directly. Company insiders have collectively sold CA$21m more than they bought, via options and on-market transactions in the last 12 months.
Declared Dividend • Mar 11Fourth quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 5.7%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (150% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to decline by 3.5% over the next 2 years. However, it would need to fall by 33% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Mar 10Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: CA$0.66 (down from CA$0.71 in FY 2022). Revenue: CA$425.5m (up 14% from FY 2022). Net income: CA$156.1m (down 3.7% from FY 2022). Profit margin: 37% (down from 43% in FY 2022). The decrease in margin was driven by higher expenses. Oil reserves Proven reserves: 22.79 MMbbls Gas reserves Proven reserves: 25.024 Bcf LNG reserves Proven reserves: 0.15 MMbbls Combined production Oil equivalent production: 6.581 MMboe (4.685 MMboe in FY 2022) Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공시 • Mar 08+ 1 more updateHeadwater Exploration Inc. Declares First Quarter Dividend, Payable on April 15, 2024The Board of Directors of Headwater confirms a cash dividend for the first quarter to shareholders of $0.10 per common share payable on April 15, 2024, to shareholders of record at the close of business on March 29, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
공시 • Mar 01Headwater Exploration Inc., Annual General Meeting, May 09, 2024Headwater Exploration Inc., Annual General Meeting, May 09, 2024.
Price Target Changed • Feb 14Price target decreased by 7.5% to CA$8.46Down from CA$9.14, the current price target is an average from 6 analysts. New target price is 33% above last closing price of CA$6.34. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of CA$0.65 for next year compared to CA$0.71 last year.
Recent Insider Transactions • Jan 15Lead Independent Director recently bought CA$599k worth of stockOn the 10th of January, Kevin Olson bought around 100k shares on-market at roughly CA$5.99 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$18m more in shares than they bought in the last 12 months.
Recent Insider Transactions • Dec 25President recently sold CA$309k worth of stockOn the 22nd of December, Jason Jaskela sold around 48k shares on-market at roughly CA$6.50 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jason's only on-market trade for the last 12 months.
Upcoming Dividend • Dec 22Upcoming dividend of CA$0.10 per share at 6.1% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Lower than top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (5.4%).
공시 • Nov 11Headwater Exploration Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2024The Board of Directors of Headwater has declared a quarterly cash dividend to shareholders of $0.10 per common share payable on January 15, 2024, to shareholders of record at the close of business on December 29, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: CA$0.21 (vs CA$0.14 in 3Q 2022)Third quarter 2023 results: EPS: CA$0.21 (up from CA$0.14 in 3Q 2022). Revenue: CA$125.1m (up 65% from 3Q 2022). Net income: CA$49.7m (up 57% from 3Q 2022). Profit margin: 40% (down from 42% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of CA$0.10 per share at 5.6% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (5.0%).
Recent Insider Transactions • Sep 19Independent Director recently sold CA$314k worth of stockOn the 12th of September, David Pearce sold around 43k shares on-market at roughly CA$7.31 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$2.9m. Insiders have been net sellers, collectively disposing of CA$20m more than they bought in the last 12 months.
공시 • Sep 17Headwater Exploration Inc. Announces Chief Financial Officer ChangesHeadwater Exploration Inc. appointed Georgia Little to the position of chief financial officer. Ali Horvath, the company's current chief financial officer, is expected to be on maternity leave in October. Little is a chartered professional accountant and she has been the controller of Headwater since April 2020.
공시 • Sep 15Headwater Exploration Inc. Declares Quarterly Cash Dividend, Payable on October 16, 2023Headwater Exploration Inc. announced its Board of Directors has declared a quarterly cash dividend to shareholders of CAD 0.10 per common share in alignment with the Company's return of capital strategy. This quarterly dividend will be paid on October 16, 2023, to shareholders of record at the close of business on September 29, 2023. These dividends are designated eligible dividends for the purposes of the Income Tax Act (Canada).
Recent Insider Transactions • Sep 03Insider recently sold CA$2.9m worth of stockOn the 29th of August, Terry Danku sold around 416k shares on-market at roughly CA$7.05 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$20m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Aug 13Vice-President of Exploration exercised options and sold CA$1.5m worth of stockOn the 8th of August, Jonathan Grimwood exercised options to acquire 197k shares at no cost and sold these for an average price of CA$7.47 per share. This trade did not impact their existing holding. Since December 2022, Jonathan's direct individual holding has decreased from 1.54m shares to 999.99k. Company insiders have collectively sold CA$22m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Aug 13Independent Director recently sold CA$341k worth of stockOn the 9th of August, Stephen Larke sold around 45k shares on-market at roughly CA$7.54 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$2.1m. Insiders have been net sellers, collectively disposing of CA$17m more than they bought in the last 12 months.