Whitecap Resources (TSE:WCP) Announces Quarterly Earnings Results

Whitecap Resources (TSE:WCP) issued its quarterly earnings results on Wednesday. The company reported C$0.27 earnings per share for the quarter, FiscalAI reports. Whitecap Resources had a net margin of 19.74% and a return on equity of 13.77%. The company had revenue of C$2.14 billion for the quarter.

Whitecap Resources Trading Down 4.0%

Shares of Whitecap Resources stock opened at C$19.61 on Friday. The firm has a 50-day simple moving average of C$18.71 and a two-hundred day simple moving average of C$15.87. The company has a debt-to-equity ratio of 23.99, a quick ratio of 0.67 and a current ratio of 0.60. Whitecap Resources has a fifty-two week low of C$10.18 and a fifty-two week high of C$20.79. The company has a market cap of C$23.84 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. ATB Cormark Capital Markets upped their price objective on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Canaccord Genuity Group increased their price objective on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research note on Thursday. TD raised their target price on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Desjardins boosted their target price on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Finally, Royal Bank Of Canada upped their price target on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$20.50.

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.