Whitecap Resources (TSE:WCP) Price Target Raised to C$21.00

by · The Markets Daily

Whitecap Resources (TSE:WCP – Get Free Report) had its price target upped by TD from C$18.00 to C$21.00 in a research report issued on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s price objective suggests a potential upside of 13.76% from the stock’s previous close.

WCP has been the subject of a number of other research reports. Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a “buy” rating in a report on Friday, July 17th. National Bank Financial raised their price objective on Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada raised their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat.com, Whitecap Resources currently has a consensus rating of “Buy” and an average target price of C$18.82.

View Our Latest Stock Report on WCP

Whitecap Resources Stock Performance

WCP stock traded down C$0.25 during trading hours on Friday, reaching C$18.46. The stock had a trading volume of 3,106,393 shares, compared to its average volume of 6,186,113. The stock has a market capitalization of C$22.45 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of -0.33 and a beta of 0.21. The company has a debt-to-equity ratio of 24.14, a current ratio of 0.56 and a quick ratio of 0.67. The stock has a 50-day simple moving average of C$16.78 and a 200 day simple moving average of C$15.79. Whitecap Resources has a fifty-two week low of C$10.08 and a fifty-two week high of C$19.08.

Whitecap Resources (TSE:WCP – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.73 earnings per share for the quarter. The company had revenue of C$2.35 billion for the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. Analysts predict that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Insider Buying and Selling

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 10,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average cost of C$14.46 per share, with a total value of C$144,600.00. Following the completion of the transaction, the director owned 3,308,099 shares in the company, valued at C$47,835,111.54. The trade was a 0.30% increase in their ownership of the stock. Also, insider Travis Bjarne Tweit acquired 3,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average price of C$15.48 per share, with a total value of C$46,440.00. Following the purchase, the insider directly owned 230,204 shares in the company, valued at approximately C$3,563,557.92. This represents a 1.32% increase in their ownership of the stock. Over the last three months, insiders have acquired 20,500 shares of company stock valued at $299,490. 0.84% of the stock is owned by company insiders.

Whitecap Resources Company Profile

(Get Free Report)

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.

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