Whitecap Resources (WCP) Stock Price Prediction from 2024 to 2045 (Complete Information)

Whitecap Resources is an oil and natural gas company based in Calgary, Canada. Founded in 2009, the company’s primary focus is to run exploration for oil and natural gas resources in the western part of Canada. The primary projects of the company are located in the Cardium Formation in Alberta, the Montney Formation in Alberta, Saskatchewan etc. Over the years, the company has been successful in establishing itself as one of Canada’s biggest companies in the energy minerals sector.

In this blog post, we’ll present our analysts’s view on Whitecap Resources (WCP) Stock Price prediction from 2024 to 2045. The article will also contain a brief description of the actions of the share price for the last 10 years.

Whitecap Resources (WCP) Historical Stock Pricing:

Whitecap Resources (WCP) Stock Historical Pricing in 2014

In the first trading session of 2014, Whitecap Resources started trading at 12.60 CAD. Though the stock price first decreased in January, it then began to increase in February and continued rising till June 2014. With a 16.01% rise in the stock price in August, Whitecap Resources recorded its yearly high at 18.70 CAD, which is to date its all-time high. The stock then ceased trading at 11.44 CAD in December.

Whitecap Resources (WCP) Stock Historical Pricing in 2015

After a long downtrend in the last 4 months of the previous year, the share price of Whitecap Resources started increasing under an uptrend right from January 2015 and continued rising till April 2015. After recording its yearly high at 15.62 CAD, the share price of Whitecap Resources began going downhill. In the very last month of the year, the stock crashed 20.79% to 9.07 CAD.

Whitecap Resources (WCP) Stock Historical Pricing in 2016

Apart from January, throughout 2016, there were no massive falls in the share price. Instead, there were multiple green candles in the monthly timeframe, which resulted in a more than 10% increase in the share price. In 2016, in the month of April, the stock price climbed 21.58% which was the biggest jump of the year. When the stock ended trading in December, its price was 12.16 CAD.

Whitecap Resources (WCP) Stock Historical Pricing in 2017

The trend of the shares of Whitecap Resources in 2017 was exactly opposite of what happened in 2016. In 2017 there were only 4 months in which the stock closed in green, none exceeding the 5% mark. The year-wide downtrend caused the stock to go from 12.90 CAD to 8.95 CAD.

Whitecap Resources (WCP) Stock Historical Pricing in 2018

The stock price of Whitecap Resources fell further in 2018. Apart from a small consolidation phase between March to May 2018, in every single month, the stock price took a dip. In the last three months collectively, the stock price crashed 45% to close at 4.35 CAD.

Whitecap Resources (WCP) Stock Historical Pricing in 2019

In 2019, the shares of Whitecap Resources tried multiple times to touch its previous support level of 5.65 CAD. But, the stock faced resistance at that level a couple of times which never went up to the support level for most part of the year; the closing price (5.55 CAD) too was under the aforementioned support level.

Whitecap Resources (WCP) Stock Historical Pricing in 2020

In the first three months combined, the share price of the company dropped 79% to just 0.73 CAD, the biggest blow came in March when the share price crashed 70.30%. After that, the share price began increasing gradually and by the year-end, it climbed to 4.86 CAD.

Whitecap Resources (WCP) Stock Historical Pricing in 2021

The share price of Whitecap Resources continued increasing even in the same way in 2021. There were a few weak downtrends in the year, but some sharp increases in share price didn’t let the downtrend put any effect on the share price. Finally, the share price of TSX WCP reached 0.69 CAD by December 2021.

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Whitecap Resources (WCP) Stock Historical Pricing in 2022 & 2023

At the start of 2022 too, the share price was increasing but the trend flattened out within the first half of 2022. After that for the rest of 2022 and 2023, the shares of Whitecap Resources continued moving in a sideways trend. The closing price of WCP for the years 2022 and 2023 were 10.74 CAD and 8.87 CAD respectively.

Whitecap Resources (WCP) Stock Price Prediction from 2024 to 2045

Whitecap Resources (WCP) Stock Price Prediction 2024

The average price of the stock of Whitecap Resources (WCP) for 2024  is going to be around CAD 10.08. So far in October, the company has recorded its yearly high at 11.31 CAD.

Whitecap Resources (WCP) Stock Price Prediction 2025

The average price of the stock of Whitecap Resources (WCP) for 2025 will be CAD 11.165, with a high forecast of CAD 11.480, and a lower forecast of CAD 10.855.

Whitecap Resources (WCP) Stock Price Prediction 2026

The average price of the stock of Whitecap Resources (WCP) for 2026 will be CAD 11.869, with a high forecast of CAD 12.200, and a lower forecast of CAD 11.539.

Whitecap Resources (WCP) Stock Price Prediction 2027

The average price of the stock of Whitecap Resources (WCP) for 2027 will be CAD 12.60, with a high forecast of CAD 12.972, and a lower forecast of CAD 12.266.

Whitecap Resources (WCP) Stock Price Prediction 2028

The average price of the stock of Whitecap Resources (WCP) for 2028 will be CAD 13.411, with a high forecast of CAD 13.790, and a lower forecast of CAD 13.039.

Whitecap Resources (WCP) Stock Price Prediction 2029

The average price of the stock of Whitecap Resources (WCP) for 2029 will be CAD 14.26, with a high forecast of CAD 14.659, and a lower forecast of CAD 13.860.

Whitecap Resources (WCP) Stock Price Prediction 2030

The average price of the stock of Whitecap Resources (WCP) for 2030 will be CAD 15.154, with a high forecast of CAD 15.582, and a lower forecast of CAD 14.733.

Whitecap Resources (WCP) Stock Price Prediction 2035

The average price of the stock of Whitecap Resources (WCP) for 2035 will be CAD 20.568, with a high forecast of CAD 21.149, and a lower forecast of CAD 19.997.

Whitecap Resources (WCP) Stock Price Prediction 2040

The average price of the stock of Whitecap Resources (WCP) for 2040 will be CAD 27.917, with a high forecast of CAD 28.705, and a lower forecast of CAD 27.141.

Whitecap Resources (WCP) Stock Price Prediction 2045

The average price of the stock of Whitecap Resources (WCP) for 2045 will be CAD 37.890, with a high forecast of CAD 38.960, and a lower forecast of CAD 36.838.

Whitecap Resources (WCP) Stock Price – Technical Analysis:

Chart and trend analysis:

From May 2024, the stock of Whitecap Resources (WCP) is in a sideways trend. Prior to that, the shares of the company were in aa downward tend, then towards February 2024, the trend changed to an uptrend that continued till the present sideways trend.

Support and resistance analysis:

Over the past couple of months, the share price of Whitecap Resources has faced resistance of around 10.66 CAD. The major support level for the stock remains around CAD 10.00.

Whitecap Resources (WCP) Stock Price – Fundamental Analysis:

Company financial overview:

Company market cap: 6.28B CAD
Debt: 1.38M CAD
EPS: 1.46 CAD (as of year-end 2023)
Dividend yield: 6.84%

Company performance:

Starting from 2021 onwards, the company started making profits. The company reported a net profit of 1.7B CAD in 2021 along with a revenue of 2.28B CAD. However, the net margin of the company has declined consecutively in the last two years.

Disclaimer:

The stock price predictions here are speculative, provided for general information only, and do not constitute financial advice. Neither the author nor the blog is responsible for any financial losses. Always consult a qualified advisor before investing.

Whitecap Resources (WCP) Stock Price Prediction: FAQs

Which facts will contribute to the increase in the share price of Whitecap Resources in the future?

Whitecap Resources is known for specing low production costs in its operations – this will be one of the major reasons for the company to grow. In addition to the fact, Whitecap Resources pays its, shareholders, dividends every month – while this is not a factor that will directly affect the share price, this practice helps the investors to retain faith in the company, thus keeping the share price stable.

Hilda J. Condit

 

Welcome to PredictTorontoStocks! I’m Hilda J. Condit, a seasoned finance professional with a passion for the stock market and a deep-rooted connection to the Toronto Stock Exchange (TSX). With a Bachelor’s degree in Finance and specialized training from CSI Global Education’s Canadian Securities Course (CSC), I bring years of experience and expertise to the world of investment.

Over the years, I have had the privilege of working closely with the TSX, gaining valuable insights and building strong relationships with a diverse range of clients across Canada. My career has been dedicated to providing tailored investment advice and helping individuals and institutions navigate the complexities of the stock market.

In launching PredictTorontoStocks, my goal is to share my knowledge and offer precise stock price predictions to empower investors in making informed decisions. Drawing on my extensive experience and analytical skills, I am committed to delivering accurate forecasts and valuable insights that can help you achieve your investment goals.

Thank you for joining me on this journey. I look forward to contributing to your success in the dynamic world of Toronto stocks.