Whitecap Resources (TSE:WCP) Upgraded to "Hold" by Raymond James

Whitecap Resources (TSE:WCP - Get Free Report) was upgraded by investment analysts at Raymond James to a "hold" rating in a research report issued on Thursday, Zacks.com reports.

A number of other equities analysts have also weighed in on WCP. Jefferies Financial Group decreased their price target on 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. National Bankshares decreased their target price on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Scotiabank boosted their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. Finally, Royal Bank of Canada raised shares of Whitecap Resources to a "moderate buy" rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$13.57.

Whitecap Resources Price Performance

Shares of TSE:WCP traded down C$0.20 during trading hours on Thursday, hitting C$10.31. 3,308,283 shares of the company's stock traded hands, compared to its average volume of 2,302,981. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.35. The company has a market cap of C$6.18 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company's fifty day simple moving average is C$10.34 and its two-hundred day simple moving average is C$10.29. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94.

Whitecap Resources (TSE:WCP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.29 by C$0.12. The company had revenue of C$1.05 billion for the quarter, compared to analysts' expectations of C$946.00 million. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. As a group, equities analysts anticipate that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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. Insiders own 0.84% 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.