Whitecap Resources (TSE:WCP) Price Target Cut to C$14.00

Whitecap Resources (TSE:WCP) had its target price decreased by equities research analysts at Canaccord Genuity Group from C$14.50 to C$14.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 34.49% from the stock’s current price.

A number of other brokerages have also weighed in on WCP. Scotiabank upped their price objective on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. National Bankshares cut their price target on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Raymond James raised shares of Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada upgraded shares of Whitecap Resources to a “moderate buy” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group lowered their price target on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$13.52.

Whitecap Resources Stock Down 0.8 %

WCP stock opened at C$10.41 on Tuesday. The stock has a market capitalization of C$6.24 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a fifty day moving average of C$10.35 and a 200-day moving average of C$10.28. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.31.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.29 by C$0.12. The company had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$946.00 million. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. As a group, analysts expect that Whitecap Resources will post 1.1226131 EPS for the current year.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim sold 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. 0.84% of the stock is currently owned by insiders.

About Whitecap Resources

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.