Whitecap Resources (WCP) AI Stock Analysis

• Market Cap: C$12.94B
• Dividend Yield: 6.33%
• Average Volume (3M): 3.76M
• Price to Earnings (P/E): 9.3
• Beta (1Y): 1.31
• Revenue Growth: 36.36%
• EPS Growth: -19.92%
• Country: CA
• Employees: 567
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.17
• Shares Outstanding: 1,214,000,000
• 10 Day Avg. Volume: 3,416,436
• 30 Day Avg. Volume: 3,759,402
• PEG Ratio: -1.10
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 1.82
• P/FCF Ratio: 8.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$13.83
• Price Target Upside: 26.52% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: C$13.00 ▲(18.94% Upside)

The score is driven primarily by solid financial performance (strong recent growth and profitability, with manageable leverage) offset by weaker free-cash-flow conversion and cyclicality. Technicals are constructive with price above key moving averages and positive momentum. Valuation is a notable support due to the low P/E and high dividend yield.

Whitecap Resources Business Overview & Revenue Model

Company Description

Whitecap Resources Inc., oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent. Whitecap Resources Inc. is headquartered in Calgary, Canada.

How the Company Makes Money

Whitecap Resources generates revenue primarily through the sale of crude oil and natural gas. The company produces and sells various grades of oil, including light oil, as well as natural gas and natural gas liquids. Key revenue streams include the direct sale of these hydrocarbons to processing and refining companies, often governed by long-term contracts or spot market sales depending on market conditions. Additionally, Whitecap benefits from strategic acquisitions that enhance its resource base and operational efficiency. The company's financial performance is significantly influenced by fluctuating oil and gas prices, production levels, and its ability to manage operational costs effectively. Furthermore, partnerships with other energy companies for joint ventures and infrastructure development can also contribute to its earnings.

Whitecap Resources Financial Statement Overview

Summary

Income statement strength (revenue +18.6% TTM and ~20% net margin) is tempered by margin compression vs. 2021–2022 and cyclical earnings volatility. Balance sheet leverage is manageable (debt-to-equity ~0.33) but total debt is higher than 2023–2024 annual levels. Cash flow is positive (OCF ~$2.28B; FCF ~$0.66B) but weaker cash conversion vs. prior years reduces flexibility.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up strongly (+18.6%), and profitability remains solid with a ~20% net margin and healthy operating margin. However, margins have compressed versus the peak levels seen in 2021–2022, and earnings are somewhat volatile across the cycle (including a large loss in 2020), which tempers the score despite the recent rebound.

Balance Sheet

Leverage looks manageable in TTM (Trailing-Twelve-Months) with debt-to-equity around 0.33 and equity supporting a sizable asset base. The key watchout is that total debt is materially higher than the 2023–2024 annual levels, and returns on equity have moderated from prior-cycle highs, suggesting a less favorable profitability/leverage mix than at the peak.

Cash Flow

Cash generation remains positive, with TTM (Trailing-Twelve-Months) operating cash flow of ~$2.28B and free cash flow of ~$0.66B, plus double-digit free-cash-flow growth. That said, free cash flow is a relatively small share of net income (well below 2021–2024 levels), indicating weaker cash conversion and/or higher spending needs, which reduces financial flexibility versus prior years.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.70B	3.34B	3.23B	3.92B	2.28B	810.89M
Gross Profit	2.38B	2.07B	2.03B	2.72B	1.48B	430.53M
EBITDA	2.57B	1.94B	2.07B	2.46B	5.13B	461.04M
Net Income	911.20M	812.30M	889.00M	1.68B	1.78B	-1.84B
Balance Sheet
Total Assets	19.03B	9.95B	9.60B	9.53B	6.88B	3.38B
Cash, Cash Equivalents and Short-Term Investments	0.00	362.30M	0.00	0.00	0.00	0.00
Total Debt	3.57B	1.14B	1.38B	1.87B	1.09B	1.17B
Total Liabilities	8.12B	4.20B	4.13B	4.48B	3.14B	2.38B
Stockholders Equity	10.92B	5.75B	5.48B	5.05B	3.74B	996.95M
Cash Flow
Free Cash Flow	658.20M	696.80M	617.60M	1.49B	564.70M	248.91M
Operating Cash Flow	2.28B	1.83B	1.74B	2.18B	1.12B	450.18M
Investing Cash Flow	-558.10M	-563.80M	-765.60M	-2.50B	-387.38M	-261.03M
Financing Cash Flow	-1.72B	-907.40M	-976.90M	313.40M	-736.53M	-189.15M

Whitecap Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 10.93
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WCP, the sentiment is Neutral. The current price of 10.93 is below the 20-day moving average (MA) of 11.37, below the 50-day MA of 11.22, and above the 200-day MA of 9.74, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 41.76 is Neutral, neither overbought nor oversold. The STOCH value of 18.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:WCP.

Whitecap Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSK	75 Outperform	C$6.05B	28.05	8.16%	3.76%	-1.59%	0.09%
WCP	74 Outperform	C$12.94B	9.33	10.88%	6.33%	36.36%	-19.92%
ARX	74 Outperform	$13.33B	9.84	17.02%	2.95%	15.61%	12.15%
TOU	73 Outperform	C$22.78B	16.67	8.69%	4.79%	8.97%	-21.15%
SCR	69 Neutral	C$5.73B	5.22	9.60%	2.99%	-11.41%	40.81%
TVE	67 Neutral	$3.71B	-39.66	-4.70%	1.91%	-1.36%	-149.45%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Whitecap Resources Corporate Events

Whitecap Resources Confirms December 2025 Dividend

Whitecap Resources Inc. has announced a cash dividend of Cdn. $0.0608 per common share for December 2025 operations, payable on January 15, 2026. This move underscores Whitecap’s commitment to providing long-term value to investors and reflects its strong financial position, which is likely to positively impact its market positioning and stakeholder confidence.

The most recent analyst rating on (TSE:WCP) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Whitecap Resources stock, see the TSE:WCP Stock Forecast page.

Whitecap Resources Declares November Dividend and Announces Investor Day

Whitecap Resources Inc. has announced a cash dividend of Cdn. $0.0608 per common share for November, payable on December 15, 2025, to shareholders recorded by November 30, 2025. Additionally, the company will host a virtual Investor Day on January 5, 2026, providing an opportunity for stakeholders to engage with management and gain insights into the company’s strategic direction.

The most recent analyst rating on (TSE:WCP) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Whitecap Resources stock, see the TSE:WCP Stock Forecast page.

Whitecap Resources Reports Strong Q3 and Raises 2025 Outlook

Whitecap Resources Inc. reported strong financial performance for the third quarter of 2025, with significant increases in petroleum and natural gas revenues compared to the previous year. The company has raised its production outlook for 2025 and set its budget for 2026, indicating positive future growth. This strategic move follows the successful integration of Veren Inc., which has enhanced Whitecap’s operational capabilities and market positioning.

The most recent analyst rating on (TSE:WCP) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Whitecap Resources stock, see the TSE:WCP Stock Forecast page.

Whitecap Resources Declares October Dividend and Schedules Q3 Results Call

Whitecap Resources Inc. has announced a monthly dividend of Cdn. $0.0608 per share for October, payable on November 17, 2025, to shareholders of record by October 31, 2025. Additionally, the company will release its third quarter 2025 results on October 22, 2025, followed by a conference call and webcast on October 23, 2025, to discuss the results, reflecting its commitment to transparency and shareholder engagement.

The most recent analyst rating on (TSE:WCP) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Whitecap Resources stock, see the TSE:WCP Stock Forecast page.