Whitecap Resources Inc. (TSE:WCP) Given Average Recommendation of “Buy” by Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have received an average recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$14.50.

Several research firms have issued reports on WCP. Scotiabank boosted their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Capital One Financial raised shares of Whitecap Resources to a “strong-buy” rating in a report on Monday, October 27th. Desjardins raised their price objective on shares of Whitecap Resources from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, National Bank Financial raised their price target on Whitecap Resources from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd.

Whitecap Resources Stock Performance

WCP opened at C$13.59 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. Whitecap Resources has a 12-month low of C$6.87 and a 12-month high of C$13.98. The company has a market cap of C$16.50 billion, a price-to-earnings ratio of 12.03, a PEG ratio of -0.33 and a beta of 0.69. The company’s 50 day moving average is C$12.00 and its 200 day moving average is C$11.19.

About Whitecap Resources

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.