Desjardins Increases Whitecap Resources (TSE:WCP) Price Target to C$14.00

Whitecap Resources (TSE:WCP) had its price objective boosted by equities research analysts at Desjardins from C$13.50 to C$14.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 15.13% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. TD Securities raised their price target on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. National Bankshares set a C$15.00 price objective on Whitecap Resources and gave the company an “outperform” rating in a report on Friday, January 9th. Raymond James Financial lifted their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 23rd. Tudor Pickering upgraded shares of Whitecap Resources to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Capital One Financial raised shares of Whitecap Resources to a “strong-buy” rating in a research report on Monday, October 27th. Four analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$14.33.

Whitecap Resources Stock Up 1.3%

WCP traded up C$0.16 on Monday, hitting C$12.16. The company had a trading volume of 5,154,654 shares, compared to its average volume of 5,842,883. The stock has a market capitalization of C$14.76 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of -0.33 and a beta of 0.62. 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 stock has a fifty day moving average price of C$11.51 and a 200-day moving average price of C$10.81. Whitecap Resources has a 12-month low of C$6.87 and a 12-month high of C$12.20.

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

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Bradley John Wall purchased 2,800 shares of the stock in a transaction on Wednesday, October 29th. The shares were bought at an average price of C$10.70 per share, for a total transaction of C$29,960.00. Following the completion of the transaction, the director owned 3,800 shares of the company’s stock, valued at C$40,660. This trade represents a 280.00% increase in their position. 0.84% of the stock is owned by company insiders.

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.