Whitecap Resources (TSE:WCP) PT Raised to C$13.75 at Stifel Nicolaus

Whitecap Resources (TSE:WCP) had its price target upped by research analysts at Stifel Nicolaus from C$12.75 to C$13.75 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 27.91% from the stock’s previous close.

Several other equities research analysts also recently commented on WCP. CIBC upped their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday. ATB Capital dropped their price objective on shares of Whitecap Resources from C$15.50 to C$15.00 in a report on Thursday, February 22nd. Desjardins upped their price objective on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the company a “buy” rating in a report on Friday, February 23rd. Canaccord Genuity Group upped their price objective 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. Finally, National Bankshares dropped 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 report on Wednesday, January 10th. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$13.44.

Whitecap Resources Price Performance

Shares of TSE:WCP opened at C$10.75 on Tuesday. The company’s 50-day moving average is C$9.91 and its 200 day moving average is C$9.62. The company has a debt-to-equity ratio of 25.25, a quick ratio of 0.67 and a current ratio of 0.90. The company has a market capitalization of C$6.43 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.91.

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

Insider Buying and Selling

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

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.