Whitecap Resources (TSE:WCP) PT Raised to C$14.00

Whitecap Resources (TSE:WCP) had its price objective raised by research analysts at Canaccord Genuity Group from C$12.50 to C$14.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 35.53% from the company’s previous close.

A number of other brokerages have also weighed in on WCP. Raymond James decreased their target price on Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating for the company in a research report on Friday, January 19th. ATB Capital dropped their target price on Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. National Bankshares dropped their target price on Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. BMO Capital Markets set a C$13.00 price target on Whitecap Resources and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Stifel Nicolaus lifted their price target on Whitecap Resources from C$12.25 to C$12.75 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$13.27.

Whitecap Resources Trading Down 0.6 %

Shares of TSE WCP opened at C$10.33 on Wednesday. The business’s 50 day moving average is C$9.80 and its two-hundred day moving average is C$9.65. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.91. The stock has a market capitalization of C$6.18 billion, a P/E ratio of 7.08, a PEG ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.19. The firm had revenue of C$914.10 million for the quarter. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. As a group, research analysts expect that Whitecap Resources will post 1.2846626 EPS for the current year.

Insider Buying and Selling

In other news, Director Grant Bradley Fagerheim acquired 5,000 shares of the business’s stock in a transaction on Friday, April 5th. The stock was bought at an average cost of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is currently owned by insiders.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.