WCP Stock Analysis: Whitecap Resources | TO

Crude Oil, Natural Gas, Condensate, NGLs

Total Rating 62

Safety 61

Buy Signal 0.50

Oil & Gas E&P
Industry Rotation: -3.4

Market Cap: 17.0B
Avg Turnover: 114M

Risk 3d forecast

Volatility38.6%

VaR 5^th Pctl7.00%

VaR vs Median10.0%

Reward TTM

Sharpe Ratio2.07

Rel. Str. IBD93.5

Rel. Str. Peer Group85.8 pctl

Character TTM

Beta0.461

Beta Downside0.537

Hurst Exponent0.503

Choppyness55.0%

Drawdowns 3y

Max DD33.22%

CAGR/Max DD0.99

CAGR/Mean DD5.23

EPS (Earnings per Share)

EPS CAGR: -8.35%
EPS Trend: -41.2%

Last SUE: -0.18
Qual. Beats: 0

Revenue

Rev. CAGR: 42.86%
Rev. Trend: 93.4%

Last SUE: 0.18
Qual. Beats: 0

Warnings

Strong Share Dilution

Below Avwap Earnings

Tailwinds

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality 11.8 years of data

Jan -0.8% 5

Feb +2.7% 30

Mar -0.3% 5

Apr +1.1% 5

May +0.3% 16

Jun -0.8% 19

Jul +2.6% 14

Aug -1.1% 18

Sep +1.5% 26

Oct -2.4% 23

Nov -1.6% 16

Dec -0.5% 5

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: WCP Whitecap Resources

Whitecap Resources Inc. is a Calgary-based Canadian energy company that acquires and develops interests in oil and natural gas properties across Western Canada, with operations focused on areas of Alberta, British Columbia, and Saskatchewan. As an oil and gas exploration and production company, it develops upstream assets to produce petroleum and natural gas.

Headlines to Watch Out For

Crude prices and WCS differentials drive realized cash flow
Veren merger expands production but raises integration and leverage risks
Debt reduction and capital discipline support dividends and buybacks

Piotroski VR-10 (Strict) 7.0

Net Income: 1.55b TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 8.64 > 1.0
NWC/Revenue: -12.61% < 20% (prev -8.64%; Δ -3.96% < -1%)
CFO/TA 0.24 > 3% & CFO 4.76b > Net Income 1.55b
Net Debt (4.87b) to EBITDA (4.34b): 1.12 < 3
Current Ratio: 0.60 > 1.5 & < 3
Outstanding Shares: last quarter (1.22b) vs 12m ago -0.76% < -2%
Gross Margin: 48.20% > 18% (prev 50.58%; Δ -2.39% > 0.5%)
Asset Turnover: 42.11% > 50% (prev 24.70%; Δ 17.41% > 0%)
Interest Coverage Ratio: 12.24 > 6 (EBIT TTM 2.15b / Interest Expense TTM 175.2m)

Altman Z'' 2.18

A: -0.05 (Total Current Assets 1.55b - Total Current Liabilities 2.58b) / Total Assets 19.8b
B: 0.09 (Retained Earnings 1.79b / Total Assets 19.8b)
C: 0.11 (EBIT TTM 2.15b / Avg Total Assets 19.4b)
D: 1.41 (Book Value of Equity 11.6b / Total Liabilities 8.20b)
Altman-Z'' = 2.18 = BBB

Beneish M -3.15

DSRI: 0.65 (Receivables 994.2m/877.9m, Revenue 8.18b/4.70b)
GMI: 1.05 (GM 50.58% / 48.20%)
AQI: 0.34 (AQ_t 0.01 / AQ_t-1 0.04)
SGI: 1.74 (Revenue 8.18b / 4.70b)
TATA: -0.16 (NI 1.55b - CFO 4.76b) / TA 19.8b)
Beneish M = -3.15 (Cap -4..+1) = AA

What is the price of WCP shares?

As of November 04, 2026, the stock is trading at CAD 18.60 with a total of 7,646,967 shares traded. Over the past week, the price has changed by -7.77%, over one month by +2.12%, over three months by +15.46% and over the past year by +86.41%.

Current recommended Stop Loss: 17.70 (which is 4.8% or 1.5 ATR below the current price).

Is WCP a buy, sell or hold?

Whitecap Resources has no consensus analysts rating.

Whitecap Resources (WCP) - Fundamental Data Overview as of 31 October 2026

Market Cap USD = 17.0b (23.8b CAD * 0.7147 CAD.USD)
P/E Trailing = 16.7607
P/E Forward = 13.624
P/S = 3.2934
P/B = 2.1411
P/EG = 6.4857
Revenue TTM = 8.18b CAD
EBIT TTM = 2.15b CAD
EBITDA TTM = 4.34b CAD
Long Term Debt = 1.70b CAD (from longTermDebt, last quarter)
Short Term Debt = 195.0m CAD (from shortLongTermDebt, last quarter)
Debt = 5.29b CAD (from shortLongTermDebtTotal, last fiscal year) + Leases 887.9m
Net Debt = 4.87b CAD (calculated: Debt 5.29b - CCE 421.7m)
Enterprise Value = 28.7b CAD (23.8b + Debt 5.29b - CCE 421.7m)
Interest Coverage Ratio = 12.24 (Ebit TTM 2.15b / Interest Expense TTM 175.2m)
EV/FCF = 11.99x (Enterprise Value 28.7b / FCF TTM 2.40b)
FCF Yield = 8.34% (FCF TTM 2.40b / Enterprise Value 28.7b)
FCF Margin = 29.29% (FCF TTM 2.40b / Revenue TTM 8.18b)
Net Margin = 18.90% (Net Income TTM 1.55b / Revenue TTM 8.18b)
Gross Margin = 48.20% ((Revenue TTM 8.18b - Cost of Revenue TTM 4.24b) / Revenue TTM)
Gross Margin QoQ = 63.69% (prev 52.80%)
Tobins Q-Ratio = 1.45 (Enterprise Value 28.7b / Total Assets 19.8b)
Interest Expense / Debt = 3.31% (Interest Expense 175.2m / Debt 5.29b)
Taxrate = 25.01% (515.5m / 2.06b)
NOPAT = 1.61b (EBIT 2.15b * (1 - 25.01%))
Current Ratio = 0.60 (Total Current Assets 1.55b / Total Current Liabilities 2.58b)
Debt / Equity = 0.46 (Debt 5.29b / totalStockholderEquity, last quarter 11.6b)
Debt / EBITDA = 1.12 (Net Debt 4.87b / EBITDA 4.34b)
Debt / FCF = 2.03 (Net Debt 4.87b / FCF TTM 2.40b)
Total Stockholder Equity = 11.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.96% (Net Income 1.55b / Total Assets 19.8b)
RoE = 13.77% (Net Income TTM 1.55b / Total Stockholder Equity 11.2b)
RoCE = 16.59% (EBIT 2.15b / Capital Employed (Equity 11.2b + L.T.Debt 1.70b))
RoIC = 9.42% (NOPAT 1.61b / Invested Capital 17.1b)
WACC = 6.33% (E(23.8b)/V(29.1b) * Re(7.19%) + D(5.29b)/V(29.1b) * Rd(3.31%) * (1-Tc(0.25)))
Discount Rate = 7.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.06 | Cagr: 36.99%
[DCF] Terminal Value 77.97% ; FCFF base≈1.70b ; Y1≈1.95b ; Y5≈2.87b
[DCF] Fair Price = 31.50 (EV 43.2b - Net Debt 4.87b = Equity 38.3b / Shares 1.22b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -41.18 | EPS CAGR: -8.35% | SUE: -0.18 | # QB: 0
Revenue Correlation: 93.35 | Revenue CAGR: 42.86% | SUE: 0.18 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.48 | Chg30d=+30.60% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=1.57 | Chg30d=+5.56% | Revisions=+25% | GrowthEPS=+58.3% | GrowthRev=+68.0%
EPS next Year (2027-12-31): EPS=1.57 | Chg30d=+11.94% | Revisions=+40% | GrowthEPS=+0.2% | GrowthRev=-9.7%
[Analyst] Revisions Ratio: +50% (up=3, down=0)