Whitecap Resources (TSE:WCP) PT Set at C$15.00 by National Bankshares

Whitecap Resources (TSE:WCP) received a C$15.00 target price from investment analysts at National Bankshares in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 29.65% from the company’s current price.

WCP has been the topic of a number of other research reports. Desjardins boosted their price target on shares of Whitecap Resources from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Friday, October 24th. TD Securities increased their target price on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Capital One Financial upgraded shares of Whitecap Resources to a “strong-buy” rating in a report on Monday, October 27th. Raymond James Financial boosted their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Tudor Pickering upgraded Whitecap Resources to a “strong-buy” rating in a report on Wednesday, October 15th. Four research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$14.08.

Whitecap Resources Price Performance

Shares of WCP stock traded up C$0.12 on Wednesday, reaching C$11.57. The company had a trading volume of 1,531,920 shares, compared to its average volume of 6,059,453. The stock has a market capitalization of C$14.05 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of -0.33 and a beta of 0.50. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The business’s 50-day moving average is C$10.80 and its 200 day moving average is C$10.04. Whitecap Resources has a one year low of C$6.87 and a one year high of C$11.91.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$1.55 billion for the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%. Equities research analysts forecast that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Insider Activity

In related news, Director Grant Bradley Fagerheim purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was acquired at an average price of C$10.60 per share, for a total transaction of C$159,000.00. Following the completion of the acquisition, the director owned 3,220,745 shares of the company’s stock, valued at C$34,139,897. This represents a 0.47% increase in their position. 0.84% of the stock is currently owned by insiders.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.