Whitecap Resources (TSE:WCP – Get Free Report) had its target price increased by equities researchers at Desjardins from C$12.75 to C$13.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 23.93% from the stock’s current price.
A number of other equities research analysts have also commented on the stock. Canaccord Genuity Group decreased their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday. Royal Bank of Canada raised shares of Whitecap Resources to a “moderate buy” rating in a report on Friday, July 26th. National Bankshares reduced their target price on shares of Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Scotiabank raised their target price on shares of Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. Finally, Jefferies Financial Group cut their price target on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Whitecap Resources currently has an average rating of “Moderate Buy” and a consensus target price of C$13.61.
Read Our Latest Stock Report on Whitecap Resources
Whitecap Resources Price Performance
Whitecap Resources (TSE:WCP – Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. The business had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$946.00 million. On average, analysts anticipate that Whitecap Resources will post 1.1226131 EPS for the current year.
Insider Transactions at Whitecap Resources
In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00. 0.84% of the stock is owned by 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.
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