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

Whitecap Resources (TSE:WCP) had its price target reduced by stock analysts at Canaccord Genuity Group from C$14.50 to C$14.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 34.49% from the stock’s current price.

Other analysts also recently issued reports about the company. Raymond James raised Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada upgraded shares of Whitecap Resources to a “moderate buy” rating in a research report on Friday, July 26th. National Bankshares dropped their price target on shares of Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Scotiabank lifted their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Finally, Jefferies Financial Group lowered their price objective on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.52.

Whitecap Resources Stock Performance

WCP opened at C$10.41 on Tuesday. The company has a market cap of C$6.24 billion, a price-to-earnings ratio of 8.27, a PEG ratio of -0.33 and a beta of 2.67. The firm’s fifty day simple moving average is C$10.35 and its two-hundred day simple moving average is C$10.28. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. Whitecap Resources has a 52-week low of C$8.15 and a 52-week high of C$11.31.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, beating the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. The business had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$946.00 million. Equities analysts anticipate that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. Corporate insiders own 0.84% of the company’s stock.

Whitecap Resources Company Profile

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.