Whitecap Resources Inc. (WCP) to Post FY2017 Earnings of $0.23 Per Share, Clarus Securities Forecasts
Whitecap Resources Inc. (TSE:WCP) – Equities research analysts at Clarus Securities boosted their FY2017 earnings estimates for shares of Whitecap Resources in a research note issued on Tuesday. Clarus Securities analyst D. Choi now forecasts that the brokerage will post earnings per share of $0.23 for the year, up from their prior forecast of $0.22. Clarus Securities has a “Buy” rating on the stock.
Several other analysts also recently issued reports on the company. Desjardins upped their price target on Whitecap Resources from C$11.50 to C$12.00 and gave the stock a “hold” rating in a research note on Wednesday. National Bank Financial reissued an “outperfrom under weight” rating on shares of Whitecap Resources in a research report on Monday. TD Securities raised Whitecap Resources to a “buy” rating and set a C$14.00 price objective for the company in a research report on Tuesday. Scotiabank reissued an “outperform” rating and set a C$14.50 price objective on shares of Whitecap Resources in a research report on Tuesday. Finally, Barclays PLC boosted their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 3rd. Two 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 presently has an average rating of “Buy” and an average price target of C$13.35.
Whitecap Resources (TSE:WCP) opened at 11.22 on Wednesday. Whitecap Resources has a 12 month low of $5.60 and a 12 month high of $12.04. The firm’s market cap is $4.13 billion. The stock has a 50 day moving average price of $11.13 and a 200 day moving average price of $10.28.
Whitecap Resources Company Profile
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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