Whitecap Resources (TSE:WCP) Given New C$14.50 Price Target at National Bankshares

Whitecap Resources (TSE:WCP) had its target price reduced by stock analysts at National Bankshares from C$15.50 to C$14.50 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 45.88% from the company’s previous close.

Several other analysts have also recently issued reports on WCP. Jefferies Financial Group cut their price target on shares of 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. Royal Bank of Canada raised shares of Whitecap Resources to a “moderate buy” rating in a research report on Friday, July 26th. Finally, Scotiabank increased their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$13.57.

Whitecap Resources Stock Up 0.1 %

Shares of Whitecap Resources stock traded up C$0.01 during trading hours on Friday, hitting C$9.94. 833,969 shares of the company’s stock traded hands, compared to its average volume of 2,213,338. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.79. The company has a market cap of C$5.96 billion, a PE ratio of 7.95, a PEG ratio of -0.33 and a beta of 2.69. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. The stock has a 50 day simple moving average of C$10.18 and a 200-day simple moving average of C$10.22.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.12. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. The firm had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$946.00 million. Equities research analysts anticipate that Whitecap Resources will post 1.0603015 earnings per share for the current fiscal year.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Chandra Henry purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average price of C$10.00 per share, with a total value of C$100,000.00. In other news, Director Grant Bradley Fagerheim sold 20,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total value of C$204,400.00. Also, Director Chandra Henry bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of C$10.00 per share, with a total value of C$100,000.00. Insiders own 0.83% of the company’s stock.

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.