Whitecap Resources (TSE:WCP) Stock Gets Price Target Bump from National Bank Financial

Whitecap Resources (TSE:WCP) had its price objective boosted by equities researchers at National Bank Financial from C$27.00 to C$28.00 in a research report issued on Tuesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 39.17% from the stock’s current price.

Several other equities analysts have also recently issued reports on WCP. TD lifted their price objective on Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Desjardins set a C$22.00 price objective on Whitecap Resources and gave the stock a “buy” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$19.18.

Whitecap Resources Stock Down 0.7%

Shares of TSE WCP traded down C$0.14 during mid-day trading on Tuesday, hitting C$20.12. The company had a trading volume of 3,493,292 shares, compared to its average volume of 6,136,864. The company has a market capitalization of C$24.46 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29. The business’s 50-day simple moving average is C$18.26 and its 200 day simple moving average is C$16.60. Whitecap Resources has a 1-year low of C$10.08 and a 1-year high of C$20.53. The company has a debt-to-equity ratio of 24.14, a current ratio of 0.56 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, July 29th. The company reported C$0.73 EPS for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. The firm had revenue of C$2.35 billion during the quarter. On average, analysts predict that Whitecap Resources will post 1.12 earnings per share for the current year.

About Whitecap Resources

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.