Whitecap Resources (TSE:WCP) Stock Price Down 2.3%

Shares of Whitecap Resources Inc. (TSE:WCPGet Rating) were down 2.3% during trading on Friday . The stock traded as low as C$10.14 and last traded at C$10.15. Approximately 824,952 shares changed hands during trading, a decline of 80% from the average daily volume of 4,208,997 shares. The stock had previously closed at C$10.39.

WCP has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, April 29th. National Bankshares lowered their price objective on shares of Whitecap Resources from C$17.50 to C$16.00 in a research note on Thursday, April 14th. CIBC raised their price objective on shares of Whitecap Resources from C$13.00 to C$14.50 in a research note on Thursday, April 14th. BMO Capital Markets raised their price objective on shares of Whitecap Resources from C$12.00 to C$15.00 in a research note on Monday, March 14th. Finally, Haywood Securities raised their price objective on shares of Whitecap Resources from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Wednesday, April 6th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$13.54.

The stock has a market capitalization of C$6.01 billion and a P/E ratio of 2.72. The firm has a 50-day moving average of C$10.79 and a 200 day moving average of C$9.48. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of 24.68.

Whitecap Resources (TSE:WCPGet Rating) last issued its earnings results on Thursday, April 28th. The company reported C$0.24 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.21). The company had revenue of C$1.06 billion during the quarter. Analysts predict that Whitecap Resources Inc. will post 1.5870712 EPS for the current fiscal year.

In related news, Director Mary-Jo Case acquired 8,000 shares of the business’s stock in a transaction on Monday, May 9th. The stock was bought at an average cost of C$9.95 per share, with a total value of C$79,600.00. Following the completion of the acquisition, the director now owns 53,639 shares in the company, valued at C$533,708.05. Also, Director Grant Bradley Fagerheim acquired 10,000 shares of the business’s stock in a transaction on Wednesday, May 4th. The shares were bought at an average cost of C$10.78 per share, with a total value of C$107,800.00. Following the completion of the acquisition, the director now owns 2,600,267 shares of the company’s stock, valued at approximately C$28,030,878.26. Over the last three months, insiders have acquired 18,600 shares of company stock valued at $193,358.

About Whitecap Resources (TSE:WCP)

Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.

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