Whitecap Resources (TSE:WCP) PT Raised to C$13.00

Whitecap Resources (TSE:WCP) had its target price upped by stock analysts at Desjardins from C$12.75 to C$13.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 21.84% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. National Bankshares dropped their price target on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Scotiabank raised their target price on shares of Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Jefferies Financial Group lowered their price target on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Finally, Canaccord Genuity Group cut their price objective on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Whitecap Resources currently has an average rating of “Moderate Buy” and a consensus target price of C$13.61.

Whitecap Resources Stock Up 1.2 %

Whitecap Resources stock opened at C$10.67 on Thursday. Whitecap Resources has a 12 month low of C$8.15 and a 12 month high of C$11.31. The stock has a fifty day simple moving average of C$10.36 and a two-hundred day simple moving average of C$10.29. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The firm has a market cap of C$6.39 billion, a price-to-earnings ratio of 8.54, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, July 24th. The company reported C$0.41 EPS 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 company had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$946.00 million. Equities analysts predict that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total transaction of C$204,400.00. 0.84% of the stock is owned by company insiders.

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.