In a report released yesterday, Sam Burwell from Jefferies maintained a Buy rating on Whitecap Resources, with a price target of C$13.00.
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Sam Burwell has given his Buy rating due to a combination of factors that highlight Whitecap Resources’ strong financial performance and strategic planning. The company reported better-than-expected results for the third quarter, with both production and cash flow per share surpassing consensus estimates. This positive outcome is further bolstered by the announcement of a 2026 budget that is significantly more capital efficient than previously anticipated.
Burwell notes that the improved capital efficiency is driven by asset outperformance and synergies from recent acquisitions. Although there is a concern regarding a higher gas cut in 2026, the overall expectation is that the stock will benefit from the enhanced capital efficiency and increased free cash flow. These elements combined suggest a favorable outlook for Whitecap Resources, justifying the Buy rating.
Burwell covers the Energy sector, focusing on stocks such as Paramount Resources, ARC Resources, and Enbridge. According to TipRanks, Burwell has an average return of 15.5% and a 61.76% success rate on recommended stocks.
In another report released yesterday, National Bank also maintained a Buy rating on the stock with a C$14.50 price target.