Whitecap Resources (TSE:WCP) Price Target Raised to C$14.50

Whitecap Resources (TSE:WCP) had its price target hoisted by equities research analysts at National Bank Financial from C$13.00 to C$14.50 in a research note issued to investors on Tuesday, January 9th. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 49.33% from the company’s previous close.

Several other equities research analysts have also issued reports on WCP. Raymond James Financial raised their price objective on Whitecap Resources from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Barclays increased their price target on Whitecap Resources from C$10.00 to C$11.00 in a report on Thursday, November 2nd. CIBC reiterated an “outperform” rating and issued a C$12.50 price target on shares of Whitecap Resources in a report on Tuesday, December 5th. BMO Capital Markets increased their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday, December 5th. Finally, TD Securities increased their price target on Whitecap Resources from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Seven analysts have rated the stock with a buy rating, Whitecap Resources presently has a consensus rating of “Buy” and a consensus price target of C$13.22.

Whitecap Resources (TSE:WCP) traded up C$0.18 during midday trading on Tuesday, hitting C$9.71. The stock had a trading volume of 1,424,051 shares, compared to its average volume of 1,663,897. The company has a market capitalization of $4,060.00, a price-to-earnings ratio of 12.14 and a beta of 1.03. Whitecap Resources has a 1 year low of C$8.31 and a 1 year high of C$11.48.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, November 1st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). Whitecap Resources had a net margin of 1.91% and a return on equity of 0.46%.

In other news, Director Grant Bradley Fagerheim purchased 10,200 shares of the stock in a transaction on Monday, December 4th. The stock was bought at an average price of C$8.91 per share, with a total value of C$90,882.00.

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Whitecap Resources Company Profile

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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