Whitecap Resources (TSE:WCP) Price Target Raised to C$26.00

Whitecap Resources (TSE:WCP) had its price objective boosted by equities researchers at National Bank Financial from C$25.00 to C$26.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 68.07% from the company’s previous close.

WCP has been the topic of several other reports. Raymond James Financial lifted their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Royal Bank Of Canada increased their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. TD raised their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Scotiabank upgraded Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Scotia increased their target price on Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Whitecap Resources has a consensus rating of “Buy” and a consensus price target of C$17.91.

Whitecap Resources Trading Up 4.0%

TSE WCP traded up C$0.60 during trading on Wednesday, reaching C$15.47. 4,282,826 shares of the stock traded hands, compared to its average volume of 6,466,052. The firm has a market cap of C$18.80 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of -0.33 and a beta of 0.18. The stock’s 50-day moving average price is C$15.93 and its 200 day moving average price is C$14.17. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. Whitecap Resources has a fifty-two week low of C$9.31 and a fifty-two week high of C$17.34.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. The company had revenue of C$1.84 billion for the quarter. Analysts predict that Whitecap Resources will post 1.1226131 EPS for the current year.

Insider Transactions at Whitecap Resources

In other news, insider Joseph Adam Wong acquired 7,500 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was acquired at an average cost of C$14.46 per share, for a total transaction of C$108,450.00. Following the completion of the acquisition, the insider owned 111,416 shares in the company, valued at C$1,611,075.36. This represents a 7.22% increase in their ownership of the stock. Also, insider Travis Bjarne Tweit bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of C$15.48 per share, for a total transaction of C$46,440.00. Following the transaction, the insider owned 230,204 shares in the company, valued at C$3,563,557.92. The trade was a 1.32% increase in their position. Over the last three months, insiders bought 31,500 shares of company stock valued at $481,010 and sold 6,100 shares valued at $83,826. 0.84% of the stock is owned by insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.