Whitecap Resources (TSE:WCP) PT Raised to C$13.75

Whitecap Resources (TSE:WCP) had its target price raised by Stifel Nicolaus from C$12.75 to C$13.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 29.84% from the stock’s current price.

A number of other research firms have also recently weighed in on WCP. CIBC increased their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday. National Bankshares reduced their price target on shares of Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. Jefferies Financial Group set a C$11.00 target price on Whitecap Resources and gave the stock a “buy” rating in a report on Tuesday, February 27th. ATB Capital lowered their price target on Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Finally, Canaccord Genuity Group lifted their target price on Whitecap Resources from C$12.50 to C$14.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy 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$13.44.

Whitecap Resources Stock Up 2.1 %

Whitecap Resources stock traded up C$0.22 during midday trading on Tuesday, hitting C$10.59. 1,596,292 shares of the company were exchanged, compared to its average volume of 2,397,261. The company has a market cap of C$6.33 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81. The company’s fifty day moving average price is C$9.87 and its 200-day moving average price is C$9.63. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.91.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.30 by C$0.19. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The company had revenue of C$914.10 million for the quarter. On average, research analysts predict that Whitecap Resources will post 1.2846626 EPS for the current fiscal year.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim purchased 5,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was bought at an average price of C$10.58 per share, with a total value of C$52,900.00. Corporate insiders own 0.74% of the company’s stock.

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.