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Whitecap Resources (WCP-T)
TSE:WCP
11.47
0.17
(1.46%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$11.470
Owned
Likes the generosity toward shareholders, balance sheet tightening, and sustaining capital to support the dividend. "In the choice between yield and growth, why not choose both?"
Expects a dividend increase next quarter. Yield is 5.4%, should go up to 7-ish%, hugely sustainable. Good exposure to oil. They could go 8 years without drilling, much longer than the average. Trades at 3.6x $80 oil. Still good upside.
Owns shares of company.
Very strong intermediate energy company.
Recent weakness of share price - good time to buy.
Good assets with excellent earning potential.
Strong management team.
Good company for long term shareholders.
Excellent dividend (~6%) and stable assets.
Fundamentals of company strong.
High quality management.
Bullish on Canadian energy.
Our PAST TOP PICK with WCP has triggered its stop at $9.25. To remain disciplined, we recommend covering the position at this time. When combined with previous buy recommendations, this results in a net loss of 8%.
We like the valuation and growth profile. At 7X earnings it is a bit pricier than some, but we think it is one of the better names. Results will likely decline this year with pricing. We would be comfortable at $9.50.
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Unsure on safety of dividend.
Bullish on E&P energy companies.
Current share price presenting good buying opportunity.
Promised no M&A this year, but focusing on rewarding shareholders. Expects them to hit final debt target by end of this year, where dividend will increase by 28% to almost 8%. Will still have residual free cashflow left, so he's hoping for meaningful share buybacks. Minimum inventory depth of 20 years. Good leverage to increased oil price. Yield is 6.19%.
(Analysts’ price target is $13.98)Whole group is undervalued. Likes mix of gas and oil and last year's deal. Committed to increasing return of capital and dividend yield up close to 7% by Q3. Nice cashflow. Production should grow 3-5% per year and still have cash leftover at current commodity prices. Earnings report today was nothing special.
Acquisition binge. Expected to hit debt target by July. Guided to seeing a dividend increase, up to around 7%. Durability on dividend is down to $50 USD a barrel. Debt managed well. M&A is done, now it's about harvesting free cashflow.
We once again reiterate WCP, a low cost oil and gas producer in the Montney and Duvernay shale regions as a TOP PICK. The company aims to prudently grow production 12% this year, while still reducing debt and buying back shares. The company's strategy is to payout 75% of FCF to shareholders. It pays a fine dividend, backed by a payout ratio under 15% of cash flow. We continue to recommend a stop-loss at $9.25, looking to achieve $14.00 -- upside potential over 30%. Yield 5.2%
(Analysts’ price target is $14.31)Pretty well managed. Consistently grows cashflow over time. Pretty favourable on it, though a bit expensive now. He owns other names that he's comfortable with.
Owns shares in the company.
Projecting a $22 share price given $80-$100 oil.
PDP reserves at 6 years.
Highly discounted at current share price.
75% free cash flow committed in Q2.
Believes company will raise dividends.
Also expecting large share buybacks.
We once again reiterate this low cost oil and gas producer in the Montney and Duvernay shale regions as a TOP PICK. Recently reported earnings show free cash flow exceeding the last three years combined, allowing for debt to be retired and shares bought back. The company's strategy is to payout 75% of FCF to shareholders and use the balance to reduce debt. It pays a fine dividend, backed by a payout ratio under 15% of cash flow. We continue to recommend a stop-loss at $9.25, looking to achieve $15.00 -- upside potential over 36%. Yield 5.3%
(Analysts’ price target is $14.88)
Whitecap Resources(WCP-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 15
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 15
Whitecap Resources(WCP-T) Frequently Asked Questions
What is Whitecap Resources stock symbol?
Whitecap Resources is a Canadian stock, trading under the symbol WCP-T on the Toronto Stock Exchange (WCP-CT). It is usually referred to as TSX:WCP or WCP-T
Is Whitecap Resources a buy or a sell?
In the last year, 15 stock analysts published opinions about WCP-T. 15 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Whitecap Resources.
Is Whitecap Resources a good investment or a top pick?
Whitecap Resources was recommended as a Top Pick by on . Read the latest stock experts ratings for Whitecap Resources.
Why is Whitecap Resources stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Whitecap Resources worth watching?
15 stock analysts on Stockchase covered Whitecap Resources In the last year. It is a trending stock that is worth watching.
What is Whitecap Resources stock price?
On 2023-09-29, Whitecap Resources (WCP-T) stock closed at a price of $11.47.
~7% ownership in fund.
High quality oil assets.
Recent entered into Montney oil field.
Long reserve life (PDP).
Experienced management team.
Dividend yield is safe.
Expecting a $16 share price going forward.