Whitecap Resources (TSE:WCP) PT Set at C$12.00 by Desjardins

Whitecap Resources (TSE:WCP) has been given a C$12.00 price objective by equities research analysts at Desjardins in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 28.89% from the company’s previous close.

WCP has been the subject of a number of other reports. National Bankshares cut their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, January 30th. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target on the stock in a research report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Whitecap Resources has a consensus rating of “Buy” and an average target price of C$13.52.

Whitecap Resources Stock Performance

Shares of WCP opened at C$9.31 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The company has a market capitalization of C$5.44 billion, a price-to-earnings ratio of 6.28, a PEG ratio of -0.33 and a beta of 2.67. The stock has a 50 day moving average of C$9.63 and a 200 day moving average of C$10.04. Whitecap Resources has a 12 month low of C$7.88 and a 12 month high of C$11.31.

Insider Activity at Whitecap Resources

In other news, Senior Officer Thanh Chan Kang purchased 9,720 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of C$8.43 per share, with a total value of C$81,939.60. Also, Director Grant Bradley Fagerheim purchased 30,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of C$8.42 per share, for a total transaction of C$252,600.00. In the last 90 days, insiders have purchased 51,920 shares of company stock worth $439,368. Company insiders own 0.84% 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.