National Bankshares Issues Positive Forecast for Whitecap Resources (TSE:WCP) Stock Price

Whitecap Resources (TSE:WCP) had its target price lifted by National Bankshares from C$15.00 to C$16.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 29.76% from the company’s current price.

Several other research analysts also recently commented on WCP. Tudor Pickering raised Whitecap Resources to a “strong-buy” rating in a report on Wednesday, October 15th. Scotiabank raised their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Desjardins increased their price objective on Whitecap Resources from C$13.50 to C$14.00 and gave the stock a “buy” rating in a report on Monday, January 26th. TD Securities upped their target price on Whitecap Resources from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Raymond James Financial increased their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$14.50.

Whitecap Resources Price Performance

Shares of TSE WCP traded up C$0.12 during trading on Tuesday, reaching C$12.33. The company had a trading volume of 3,320,430 shares, compared to its average volume of 6,066,583. The stock has a 50-day moving average price of C$11.63 and a two-hundred day moving average price of C$10.93. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$12.93. The stock has a market capitalization of C$14.97 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of -0.33 and a beta of 0.62.

Whitecap Resources (TSE:WCP) last announced its earnings results on Wednesday, October 22nd. The company reported C$0.17 earnings per share for the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%.The company had revenue of C$1.55 billion during the quarter. As a group, sell-side analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Company Profile

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. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.