Q4 2016 EPS Estimates for Whitecap Resources Inc. (WCP) Cut by Cormark
Whitecap Resources Inc. (TSE:WCP) – Cormark dropped their Q4 2016 earnings per share (EPS) estimates for Whitecap Resources in a research report issued to clients and investors on Tuesday. Cormark analyst G. Ursu now expects that the brokerage will earn $0.04 per share for the quarter, down from their previous forecast of $0.05. Cormark also issued estimates for Whitecap Resources’ Q1 2017 earnings at $0.04 EPS, Q2 2017 earnings at $0.03 EPS, Q3 2017 earnings at $0.05 EPS and FY2017 earnings at $0.19 EPS.
WCP has been the subject of several other reports. Canaccord Genuity boosted their price objective on shares of Whitecap Resources from C$12.50 to C$13.00 in a research note on Friday, October 21st. National Bank Financial reissued an “outperfrom under weight” rating on shares of Whitecap Resources in a research note on Monday. TD Securities reissued a “buy” rating and set a C$14.00 price objective on shares of Whitecap Resources in a research note on Thursday, November 3rd. Clarus Securities reissued a “buy” rating on shares of Whitecap Resources in a research note on Tuesday. Finally, FirstEnergy Capital boosted their price objective on shares of Whitecap Resources from C$13.25 to C$13.75 in a research note on Saturday, August 6th. Two investment 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. The company currently has a consensus rating of “Buy” and an average price target of C$13.35.
Shares of Whitecap Resources (TSE:WCP) opened at 11.05 on Wednesday. The firm’s market capitalization is $4.07 billion. The firm has a 50-day moving average price of $11.13 and a 200-day moving average price of $10.28. Whitecap Resources has a 1-year low of $5.60 and a 1-year 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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