Whitecap Resources (TSE:WCP) PT Raised to C$13.00

Whitecap Resources (TSE:WCP - Get Free Report) had its price objective hoisted by research analysts at Desjardins from C$12.75 to C$13.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price objective indicates a potential upside of 23.34% from the company's current price.

Several other equities research analysts also recently weighed in on the company. Canaccord Genuity Group cut their price objective on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday. Raymond James raised Whitecap Resources to a "hold" rating in a research note on Thursday, October 17th. Scotiabank upped their price objective on Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. National Bankshares cut their target price on shares of Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Finally, Jefferies Financial Group decreased their price target on shares of Whitecap Resources from C$12.00 to C$11.00 and set a "buy" rating for the company in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$13.61.

Whitecap Resources Price Performance

TSE WCP traded up C$0.13 during trading on Thursday, hitting C$10.54. 2,026,296 shares of the company's stock were exchanged, compared to its average volume of 2,303,546. The company has a market cap of C$6.32 billion, a PE ratio of 8.39, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.31. The stock's 50 day moving average price is C$10.35 and its two-hundred day moving average price is C$10.28.

Whitecap Resources (TSE:WCP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.29 by C$0.12. The business had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$946.00 million. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. Research analysts expect that Whitecap Resources will post 1.1226131 EPS for the current year.

Insider Activity

In other news, Director Grant Bradley Fagerheim sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. 0.84% of the stock is owned by company insiders.

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.