- Whitecap Resources‘ average production for the third quarter was 173,302 barrels of oil equivalent per day (boe/d), surpassing estimates and marking a 10% increase year-over-year.
- Crude oil production reached 92,335 barrels per day, an 8.3% rise from the previous year, exceeding the estimate of 90,596 barrels per day.
- Natural Gas Liquids (NGL) production was 20,578 barrels per day, up 16% year-over-year, compared to the estimate of 18,169 barrels per day.
- Average natural gas production was 362,332 thousand cubic feet per day, a 12% increase year-over-year, slightly below the estimate of 364.84 million cubic feet per day.
- Earnings per share (EPS) increased to C$0.46, up from C$0.25 in the previous year.
- Due to strong year-to-date performance, Whitecap now forecasts its full-year production to average 172,500 boe/d, exceeding the high end of its previous guidance range of 167,000 to 172,000 boe/d.
- Whitecap anticipates delivering organic production per share growth of approximately 5%, with plans to enhance per share metrics further in 2025.
- Plans for 2025 include bringing 34 (32.5 net) wells on stream, potentially providing a production growth of 10% on an annual basis and 20% from exit to exit.
- The stock has received 11 buy recommendations and 2 hold recommendations, with no sells.
A look at Whitecap Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Whitecap Resources, Inc., an energy company operating in western Canada, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a solid Value score of 4, indicating strong intrinsic value, investors may find Whitecap Resources to be an attractive investment option. Additionally, the company’s high Dividend score of 5 suggests a consistent track record of distributing dividends to shareholders, making it appealing for income-oriented investors looking for steady returns.
While Whitecap Resources scores moderately on Growth and Momentum (3 and 4 respectively), indicating room for expansion and positive price trends, its Resilience score of 2 shows some vulnerability to market fluctuations. Overall, the combination of these scores paints a positive picture for Whitecap Resources‘ future performance, with strengths in value, dividends, and market momentum potentially driving long-term growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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