Whitecap Resources Inc. (TSE:WCP) Stock Has Consensus Price Target of C$20.50

Whitecap Resources Inc. (TSE:WCP) has received an average recommendation of “Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$20.50.

A number of equities analysts have commented on WCP shares. ATB Cormark Capital Markets boosted their price objective on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Royal Bank Of Canada upped their price objective on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. National Bank Financial boosted their price objective on Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 20th. TD upped their target price on Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Finally, Canaccord Genuity Group raised their price target on Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research report on Thursday, October 29th.

Whitecap Resources Stock Down 0.2%

Shares of Whitecap Resources stock opened at C$16.67 on Friday. The firm has a market cap of C$20.28 billion, a P/E ratio of 13.13, a P/E/G ratio of -0.33 and a beta of 0.21. The business has a 50-day moving average price of C$18.71 and a 200 day moving average price of C$16.06. Whitecap Resources has a fifty-two week low of C$10.32 and a fifty-two week high of C$20.79. The company has a quick ratio of 0.67, a current ratio of 0.60 and a debt-to-equity ratio of 23.99.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share (EPS) for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. The firm had revenue of C$2.14 billion for the quarter. On average, sell-side analysts forecast that Whitecap Resources will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at Whitecap Resources

In related news, insider Thanh Chan Kang purchased 5,000 shares of Whitecap Resources stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average price of C$16.58 per share, for a total transaction of C$82,900.00. Following the completion of the transaction, the insider owned 492,375 shares in the company, valued at C$8,163,577.50. This represents a 1.03% increase in their ownership of the stock. Also, Director Grant Bradley Fagerheim bought 5,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was bought at an average price of C$17.33 per share, with a total value of C$86,650.00. Following the acquisition, the director owned 3,318,099 shares in the company, valued at approximately C$57,502,655.67. This trade represents a 0.15% increase in their position. Insiders have bought 28,100 shares of company stock worth $506,085 in the last quarter. Insiders own 0.84% of the company’s stock.

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.