Whitecap Resources (TSE:WCP) Price Target Increased to C$13.00 by Analysts at Scotiabank

Whitecap Resources (TSE:WCP) had its price target boosted by analysts at Scotiabank from C$12.00 to C$13.00 in a research note issued on Friday, BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 26.34% from the stock’s previous close.

Several other equities analysts have also commented on WCP. Canaccord Genuity Group boosted their price target on Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. CIBC lifted their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Royal Bank of Canada upped their target price on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. BMO Capital Markets lifted their price target on shares of Whitecap Resources from C$13.00 to C$14.00 in a research note on Thursday, April 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$13.61.

Whitecap Resources Trading Up 0.2 %

Shares of Whitecap Resources stock traded up C$0.02 during trading hours on Friday, hitting C$10.29. The company’s stock had a trading volume of 696,609 shares, compared to its average volume of 2,246,692. The business has a fifty day moving average of C$10.18 and a 200 day moving average of C$9.73. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.91. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 26.11. The company has a market capitalization of C$6.16 billion, a PE ratio of 9.10, a P/E/G ratio of -0.33 and a beta of 2.77.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). Whitecap Resources had a return on equity of 12.91% and a net margin of 21.27%. The business had revenue of C$933.30 million for the quarter, compared to analysts’ expectations of C$787.00 million. As a group, equities analysts forecast that Whitecap Resources will post 1.0901468 EPS for the current year.

Insiders Place Their Bets

In other news, Director Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of C$10.69 per share, for a total transaction of C$106,900.00. In related news, Senior Officer Thanh Chan Kang bought 2,970 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of C$10.60 per share, with a total value of C$31,482.00. Also, Director Grant Bradley Fagerheim purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of C$10.69 per share, for a total transaction of C$106,900.00. Insiders have bought a total of 52,970 shares of company stock valued at $542,582 in the last quarter. Insiders own 0.82% of the company’s stock.

Whitecap Resources Company Profile

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.