Headwater Exploration (HWX) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Headwater Exploration (TSE: HWX):

• 3/9/2026 – Headwater Exploration had its price target raised by Royal Bank Of Canada from C$11.00 to C$13.00. They now have a “sector perform” rating on the stock.
• 3/6/2026 – Headwater Exploration had its price target raised by BMO Capital Markets from C$11.00 to C$13.50. They now have an “outperform” rating on the stock.
• 3/6/2026 – Headwater Exploration had its price target raised by National Bank Financial from C$11.50 to C$13.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Headwater Exploration had its price target raised by Desjardins from C$11.00 to C$11.75. They now have a “hold” rating on the stock.
• 2/3/2026 – Headwater Exploration had its price target raised by National Bank Financial from C$10.50 to C$11.50. They now have an “outperform” rating on the stock.
• 1/19/2026 – Headwater Exploration had its price target raised by Royal Bank Of Canada from C$10.00 to C$11.00. They now have a “sector perform” rating on the stock.

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