Whitecap Resources (TSE:WCP) Price Target Raised to C$20.00

Whitecap Resources (TSE:WCP) had its target price boosted by stock analysts at Royal Bank Of Canada from C$18.00 to C$20.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 23.23% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Desjardins boosted their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. TD boosted their target price on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Scotiabank raised Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. ATB Cormark Capital Markets boosted their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial boosted their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$17.00.

Whitecap Resources Trading Up 0.4%

TSE WCP traded up C$0.06 on Tuesday, reaching C$16.23. The company had a trading volume of 2,582,815 shares, compared to its average volume of 6,686,607. The stock’s 50 day moving average is C$15.31 and its 200-day moving average is C$13.21. The stock has a market cap of C$19.73 billion, a price-to-earnings ratio of 22.23, a PEG ratio of -0.33 and a beta of 0.38. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. Whitecap Resources has a 52 week low of C$8.40 and a 52 week high of C$17.33.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$1.84 billion during the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. Equities analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of C$13.76, for a total transaction of C$68,800.00. Following the completion of the transaction, the director directly owned 3,278,099 shares in the company, valued at approximately C$45,106,642.24. This trade represents a 0.15% decrease in their ownership of the stock. Also, insider Travis Bjarne Tweit acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 25th. The shares were purchased at an average price of C$16.42 per share, with a total value of C$49,260.00. Following the completion of the acquisition, the insider owned 227,204 shares of the company’s stock, valued at C$3,730,689.68. This represents a 1.34% increase in their position. Over the last quarter, insiders have sold 6,100 shares of company stock valued at $83,826. 0.84% of the stock is owned by corporate insiders.

Whitecap Resources Company Profile

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.