Whitecap Resources (TSE:WCP) Price Target Increased to C$14.00 by Analysts at Royal Bank of Canada

Whitecap Resources (TSE:WCP) had its price target lifted by stock analysts at Royal Bank of Canada from C$13.00 to C$14.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 28.79% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. ATB Capital dropped their price target on shares of Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. National Bankshares dropped 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 research note on Wednesday, January 10th. Canaccord Genuity Group lifted their price target on shares of Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus raised their price objective on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a research report on Tuesday. Finally, CIBC raised 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 research report on Monday. 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. Based on data from MarketBeat, Whitecap Resources has a consensus rating of “Buy” and a consensus target price of C$13.56.

Whitecap Resources Stock Up 1.1 %

TSE:WCP traded up C$0.12 during mid-day trading on Thursday, hitting C$10.87. 2,366,420 shares of the company’s stock were exchanged, compared to its average volume of 2,417,691. The business has a fifty day moving average price of C$9.91 and a 200 day moving average price of C$9.62. The company has a market cap of C$6.50 billion, a PE ratio of 7.40, a P/E/G ratio of -0.33 and a beta of 2.81. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.91. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. The firm had revenue of C$933.30 million for the quarter, compared to analysts’ expectations of C$787.00 million. Equities analysts predict that Whitecap Resources will post 1.2846626 EPS for the current year.

Insider Buying and Selling at Whitecap Resources

In related news, Director Grant Bradley Fagerheim acquired 5,000 shares of the stock in a transaction on Friday, April 5th. The stock was bought at an average cost of C$10.58 per share, with a total value of C$52,900.00. 0.74% of the stock is owned by corporate insiders.

Whitecap Resources Company Profile

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.