The Globe and Mail reports in its Friday, Feb. 21, edition that Desjardins Securities analyst Chris MacCulloch has reiterated his "buy" recommendation for Whitecap Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacCulloch gave his share target a 50-cent boost to $13. Analysts on average target the shares at $13.57. Mr. MacCulloch says in a note: "The update capped off another successful year, highlighted by strong well performance across the asset portfolio, which showcased the company's ability to drive operational and efficiency improvements through technical innovation. We anticipate an encore performance in 2025 as management hinted that production guidance has been conservatively set. Bring it on." The Globe reported on Feb. 23, 2024, and Oct. 25, 2024, that Mr. MacCulloch had reaffirmed his "buy" recommendation for Whitecap Resources when it could be had for $9.40 and $10.54. The Globe reported on Jan. 31, 2025, that National Bank Financial analysts Dan Payne and Travis Wood rated Whitecap Resources "outperform." The shares could then be had for $9.57.
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