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

Whitecap Resources (TSE:WCP) had its target price raised by analysts at CIBC from C$14.00 to C$15.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 40.85% from the stock’s previous close.

A number of other brokerages have also weighed in on WCP. National Bankshares decreased their price target 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. Raymond James reduced their target price on shares of Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a report on Friday, January 19th. ATB Capital reduced their target price on shares of Whitecap Resources from C$15.50 to C$15.00 in a report on Thursday, February 22nd. Stifel Nicolaus lifted their target price on shares of Whitecap Resources from C$12.25 to C$12.75 and gave the company a “buy” rating in a report on Thursday, February 22nd. 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 report on Thursday, March 21st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Whitecap Resources has a consensus rating of “Buy” and a consensus price target of C$13.44.

Whitecap Resources Stock Up 2.7 %

WCP stock opened at C$10.65 on Monday. The stock has a market capitalization of C$6.37 billion, a P/E ratio of 7.29, a PEG ratio of -0.33 and a beta of 2.81. The company has a debt-to-equity ratio of 25.25, a quick ratio of 0.67 and a current ratio of 0.90. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.91. The company has a 50 day moving average price of C$9.91 and a two-hundred day moving average price of C$9.62.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.19. The firm 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%. As a group, sell-side analysts expect that Whitecap Resources will post 1.2846626 EPS for the current year.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 5,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was bought at an average price of C$10.58 per share, with a total value of C$52,900.00. 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.