Whitecap Resources (TSE:WCP) Price Target Raised to C$16.00 at National Bankshares

Whitecap Resources (TSE:WCP) had its target price hoisted by National Bankshares from C$15.00 to C$16.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Tudor Pickering raised Whitecap Resources to a “strong-buy” rating in a research report on Wednesday, October 15th. Raymond James Financial raised their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 23rd. Capital One Financial upgraded Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. Scotiabank increased their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Finally, Desjardins raised their price target on shares of Whitecap Resources from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Whitecap Resources presently has a consensus rating of “Buy” and an average price target of C$14.50.

Whitecap Resources Trading Up 2.0%

TSE WCP opened at C$12.45 on Tuesday. Whitecap Resources has a one year low of C$6.87 and a one year high of C$12.93. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The company has a market capitalization of C$15.11 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of -0.33 and a beta of 0.69. The company’s 50-day simple moving average is C$11.65 and its two-hundred day simple moving average is C$10.95.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$1.55 billion during the quarter. Whitecap Resources had a net margin of 24.23% and a return on equity of 15.86%. Equities analysts forecast that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Company Profile

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.