- Whitecap Resources has increased its full-year average production forecast.
- The company now expects an average production of 174,000 barrels of oil equivalent per day (boe/d).
- This is up from the previous forecast of 172,500 boe/d.
- The current analyst estimate for average production was approximately 172,536 boe/d.
- For the fourth quarter, Whitecap anticipates production to be around 175,500 boe/d.
- The company predicts a substantial annual production per share growth of 13% for 2024.
- This growth significantly exceeds their targeted annual growth range of 3% to 8%.
- Market sentiment towards Whitecap Resources is positive, with 11 buy ratings and 2 hold ratings. There are no sell ratings.
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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
Based on the Smartkarma Smart Scores, Whitecap Resources shows a promising long-term outlook. The company scored highly in Dividend and Value, indicating strong performance in these areas. With a solid foundation in dividends and perceived value, Whitecap Resources may be an attractive option for investors seeking stability and income.
Although Growth and Resilience scores are not as high, the company still received respectable scores in Momentum. This suggests that while Whitecap Resources may not be the fastest-growing or most resilient company in the market, it shows positive momentum that could lead to further development and upward movement in the future. Overall, Whitecap Resources appears to be a company with potential for growth and stability in the oil and gas 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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