Whitecap Resources (TSE:WCP) PT Lowered to C$11.00 at Jefferies Financial Group

Whitecap Resources (TSE:WCP) had its target price cut by stock analysts at Jefferies Financial Group from C$12.00 to C$11.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 6.59% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Scotiabank boosted their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. Royal Bank of Canada upgraded shares of Whitecap Resources to a “moderate buy” rating in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Whitecap Resources has an average rating of “Buy” and an average target price of C$13.61.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock opened at C$10.32 on Monday. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The firm’s 50-day simple moving average is C$10.16 and its 200-day simple moving average is C$10.18. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.91. The firm has a market cap of C$6.18 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of -0.33 and a beta of 2.69.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$0.41 EPS for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.12. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. The firm had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$946.00 million. As a group, research analysts expect that Whitecap Resources will post 1.001005 EPS for the current fiscal year.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were bought at an average cost of C$10.19 per share, with a total value of C$101,900.00. 0.83% of the stock is currently owned by 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.