Whitecap Resources (TSE:WCP) PT Raised to C$15.00

Whitecap Resources (TSE:WCP) had its price target boosted by research analysts at CIBC from C$14.00 to C$15.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 40.85% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group upped their price target on shares of Whitecap Resources from C$12.50 to C$14.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. ATB Capital cut their price objective on shares of Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. National Bankshares cut their price objective on shares of Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Jefferies Financial Group set a C$11.00 price objective on shares of Whitecap Resources and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets set a C$13.00 price objective on shares of Whitecap Resources and gave the stock an “outperform” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$13.44.

Whitecap Resources Stock Up 2.7 %

Whitecap Resources stock opened at C$10.65 on Monday. The stock has a market capitalization of C$6.37 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.91. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. The company has a 50 day moving average of C$9.91 and a 200-day moving average of C$9.62.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.19. The company had revenue of C$914.10 million during the quarter. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. On average, equities research analysts anticipate that Whitecap Resources will post 1.2846626 EPS for the current fiscal year.

Insider Buying and Selling at Whitecap Resources

In related news, Director Grant Bradley Fagerheim acquired 5,000 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were purchased at an average cost of C$10.58 per share, for a total transaction of C$52,900.00. Corporate insiders own 0.74% of the company’s stock.

About Whitecap Resources

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.