Jefferies Financial Group Lowers Whitecap Resources (TSE:WCP) Price Target to C$11.00

Whitecap Resources (TSE:WCP) had its target price decreased by equities research analysts at Jefferies Financial Group from C$12.00 to C$11.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 6.59% from the stock’s previous close.

A number of other equities analysts have also issued reports on WCP. Royal Bank of Canada raised Whitecap Resources to a “moderate buy” rating in a report on Friday, July 26th. Scotiabank raised their price target on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$13.61.

Whitecap Resources Stock Up 2.1 %

Shares of TSE WCP opened at C$10.32 on Monday. The stock has a market cap of C$6.18 billion, a P/E ratio of 8.26, a PEG ratio of -0.33 and a beta of 2.69. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.91. The business’s fifty day simple moving average is C$10.16 and its 200-day simple moving average is C$10.18.

Whitecap Resources (TSE:WCP) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.29 by C$0.12. The firm had revenue of C$1.05 billion for the quarter, compared to analyst estimates 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, equities analysts predict that Whitecap Resources will post 1.001005 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Chandra Henry bought 10,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of C$10.00 per share, for a total transaction of C$100,000.00. In other Whitecap Resources news, Director Chandra Henry acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average price of C$10.00 per share, with a total value of C$100,000.00. Also, Director Grant Bradley Fagerheim sold 20,000 shares of the business’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. 0.83% of the stock is currently owned by company 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.