Headwater Exploration (OTCMKTS:CDDRF) Shares Climb 1% – Still a Buy?

Posted by Sarita Garza on Oct 9th, 2026

Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report)’s stock price was up 1% on Thursday. The company traded as high as $9.73 and last traded at $9.73. Approximately 21,863 shares were traded during mid-day trading, a decline of 79% from the average session volume of 101,988 shares. The stock had previously closed at $9.63.

Analysts Set New Price Targets

Several brokerages have issued reports on CDDRF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Headwater Exploration in a research note on Friday, July 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Headwater Exploration in a research note on Monday, July 27th. Finally, Raymond James Financial restated a “market perform” rating on shares of Headwater Exploration in a report on Wednesday, September 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on CDDRF

Headwater Exploration Stock Up 1.0%

The company has a fifty day moving average price of $9.81 and a 200 day moving average price of $9.34.

Headwater Exploration Company Profile

(Get Free Report)

Headwater Exploration Inc is a Canadian oil and natural gas exploration and production company focused primarily on developing light-oil resources in Alberta. The company’s activities include acquiring petroleum properties, drilling and completing wells, and producing and selling crude oil and natural gas.

Headwater’s operations are concentrated in the Clearwater oil play in central Alberta, including the Marten Hills area. Its development strategy emphasizes the application of horizontal drilling and multistage hydraulic fracturing to develop relatively shallow, oil-bearing formations and build repeatable production from established land positions.

The company was established in 2017 and has expanded its Alberta portfolio through acquisitions and ongoing drilling and development programs.