Whitecap Resources (TSE:WCP) PT Raised to C$14.50

Whitecap Resources (TSE:WCP) had its price target boosted by analysts at Canaccord Genuity Group from C$14.00 to C$14.50 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 34.63% from the company’s current price.

Several other research analysts have also recently issued reports on the company. CIBC increased their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. BMO Capital Markets upped their target price on Whitecap Resources from C$13.00 to C$14.00 in a report on Thursday. Stifel Nicolaus upped their target price on Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday. Desjardins upped their target price on Whitecap Resources from C$11.00 to C$11.50 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, ATB Capital lowered their target price on Whitecap Resources from C$15.50 to C$15.00 in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$13.56.

Whitecap Resources Trading Down 0.9 %

WCP opened at C$10.77 on Thursday. The stock has a market cap of C$6.44 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of -0.33 and a beta of 2.81. The stock’s 50 day moving average price is C$10.00 and its 200-day moving average price is C$9.64. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.91. The company has a debt-to-equity ratio of 25.25, a quick ratio of 0.67 and a current ratio of 0.90.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.14). Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The firm had revenue of C$933.30 million during the quarter, compared to the consensus estimate of C$787.00 million. On average, equities analysts forecast that Whitecap Resources will post 1.2846626 EPS for the current year.

Insider Buying and Selling at Whitecap Resources

In related news, Director Grant Bradley Fagerheim purchased 3,723 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was bought at an average cost of C$8.17 per share, with a total value of C$30,416.91. 0.74% of the stock is currently owned by corporate 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.