- Whitecap Resources‘ average production for the first quarter was 179,051 barrels of oil equivalent per day (boe/d), exceeding estimates of 174,341 boe/d and increasing by 5.5% year over year.
- Crude oil production reached 93,765 barrels per day, surpassing the estimated 91,868 barrels per day and growing by 5.6% compared to the previous year.
- Natural Gas Liquids (NGL) production increased by 14% year over year, with an output of 22,167 barrels per day, above the estimate of 20,520 barrels per day.
- Average natural gas production was 378,715 thousand cubic feet per day (Mcf/d), beating the estimate of 372.32 million and rising by 2.7% from the prior year.
- The realized price for natural gas was C$2.39 per thousand cubic feet, a decrease of 8.4% compared to the previous year.
- Earnings per share (EPS) for the first quarter were C$0.27, significantly up from C$0.10 in the same period last year.
- Analysts maintain strong interest in Whitecap Resources with 10 buy recommendations and no holds or sells.
A look at Whitecap Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
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. is positioned well for the long term, based on a comprehensive assessment using Smartkarma Smart Scores. With high marks in Dividend and Value, the company showcases stability and financial strength. Its strong Dividend score indicates a reliable payout to shareholders, while the solid Value score suggests the company may be undervalued in the market. Additionally, Whitecap Resources demonstrates resilience with a score of 4, indicating its ability to withstand market fluctuations. Although Growth and Momentum scores are slightly lower, the overall outlook for Whitecap Resources appears positive as it continues to explore for oil and natural gas in western Canada.
Whitecap Resources, Inc. presents a favorable outlook supported by its strong Dividend and Value scores. As the company operates in western Canada, it has a solid foundation for future growth and profitability. The company’s high marks in Dividend (5) and Value (4) indicate a commitment to rewarding investors and a potentially undervalued stock, respectively. With a Resilience score of 4, Whitecap Resources shows the ability to navigate challenges. While Growth and Momentum scores are moderate, the overall picture for Whitecap Resources points to a promising long-term prospect for investors in the oil and natural gas exploration sector.
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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