Whitecap Resources (TSE:WCP) Given New C$14.00 Price Target at Canaccord Genuity Group

Whitecap Resources (TSE:WCP) had its price objective boosted by stock analysts at Canaccord Genuity Group from C$12.50 to C$14.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 34.74% from the stock’s previous close.

Several other brokerages also recently weighed in on WCP. BMO Capital Markets set a C$13.00 target price on shares of Whitecap Resources and gave the company an “outperform” rating in a research note on Thursday, March 21st. ATB Capital decreased their target price on shares of Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. CIBC decreased their target price on shares of Whitecap Resources from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Desjardins increased their price objective on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Raymond James reduced their price objective on shares of Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 19th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$13.27.

Whitecap Resources Trading Down 1.0 %

TSE:WCP traded down C$0.10 during mid-day trading on Wednesday, reaching C$10.39. The company’s stock had a trading volume of 1,472,959 shares, compared to its average volume of 2,445,454. The company’s fifty day simple moving average is C$9.72 and its two-hundred day simple moving average is C$9.64. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.91. The stock has a market cap of C$6.21 billion, a P/E ratio of 7.12, a P/E/G ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, February 21st. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.19. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The business had revenue of C$914.10 million during the quarter. On average, equities analysts predict that Whitecap Resources will post 1.2846626 EPS for the current year.

Insider Buying and Selling

In related news, Director Grant Bradley Fagerheim purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was acquired at an average cost of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is currently 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.