TSX:WCP - Post Discussion
Post by
retiredcf on Oct 24, 2024 8:33am
Revised Targets
Desjardins Securities’ Chris MacCuloch bumped his Whitecap Resources Inc. target to $13 from $12.75 with a “buy” rating, while ATB Capital Markets’ Patrick O’Rourke trimmed his target to $14.50 from $15 with an “outperform” rating. The average is $13.48. “We are increasing our target on Whitecap ... reflecting positive estimate revisions following another quarter of strong operational results,” Mr. MacCulloch said. “Although the capital allocation framework provides limited scope for buybacks at strip prices, we expect WCP to continue exploring creative ways to augment the base dividend and organic production growth, including accretive M&A opportunities to further scale the business model. Meanwhile, 2025 guidance appears to have been conservatively set.”
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