FY2017 EPS Estimates for Whitecap Resources Inc. (WCP) Lowered by National Bank Financial
Whitecap Resources Inc. (TSE:WCP) – Analysts at National Bank Financial dropped their FY2017 earnings per share (EPS) estimates for Whitecap Resources in a research note issued to investors on Monday. National Bank Financial analyst T. Wood now expects that the firm will post earnings of $0.34 per share for the year, down from their previous forecast of $0.36. National Bank Financial currently has a “Outperfrom Under Weight” rating on the stock.
Other equities analysts also recently issued research reports about the stock. Scotiabank reaffirmed an “outperform” rating and set a C$14.50 price target on shares of Whitecap Resources in a research note on Tuesday. Desjardins set a C$11.50 price target on shares of Whitecap Resources and gave the stock a “hold” rating in a research report on Saturday, August 6th. Clarus Securities restated a “buy” rating on shares of Whitecap Resources in a research report on Tuesday. FirstEnergy Capital raised their price target on shares of Whitecap Resources from C$13.25 to C$13.75 in a research report on Saturday, August 6th. Finally, TD Securities upgraded shares of Whitecap Resources to a “buy” rating and set a C$14.00 price target on the stock in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Whitecap Resources has an average rating of “Buy” and a consensus target price of C$13.32.
Whitecap Resources (TSE:WCP) traded down 1.39% during trading on Wednesday, reaching $11.32. The company had a trading volume of 736,862 shares. The firm’s market capitalization is $4.17 billion. The stock has a 50 day moving average price of $11.08 and a 200 day moving average price of $10.26. Whitecap Resources has a 52 week low of $5.60 and a 52 week high of $12.04.
About Whitecap Resources
Whitecap Resources Inc is engaged in the acquisition, development, optimization and production of crude oil and natural gas in western Canada. The Company is focused on providing sustainable monthly dividends and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets.
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