Whitecap Resources (TSE:WCP) Price Target Lowered to C$14.50 at National Bankshares

Whitecap Resources (TSE:WCP) had its price objective dropped by research analysts at National Bankshares from C$15.00 to C$14.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 51.52% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. ATB Capital cut their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Desjardins increased their price objective on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Raymond James upgraded shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.68.

Whitecap Resources Trading Down 1.9 %

Shares of Whitecap Resources stock opened at C$9.57 on Thursday. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.31. The company has a market capitalization of C$5.73 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of -0.33 and a beta of 2.67. The business has a fifty day simple moving average of C$10.05 and a two-hundred day simple moving average of C$10.23. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67.

Insider Activity

In related news, Senior Officer Thanh Chan Kang bought 10,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of C$10.48 per share, with a total value of C$104,800.00. 0.84% of the stock is owned by corporate 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.