Whitecap Resources (TSE:WCP) has been given a C$8.50 target price by equities research analysts at Tudor Pickering & Holt in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Tudor Pickering & Holt’s price objective suggests a potential upside of 9.25% from the company’s current price.
WCP has been the topic of a number of other reports. ATB Capital restated an “outperform” rating on shares of Whitecap Resources in a research report on Wednesday, October 6th. Tudor Pickering restated a “buy” rating and set a C$8.50 target price on shares of Whitecap Resources in a research report on Thursday. BMO Capital Markets raised their price target on shares of Whitecap Resources from C$8.00 to C$9.00 and gave the company a “na” rating in a research note on Monday, June 21st. National Bank Financial raised their price target on shares of Whitecap Resources to C$12.00 and gave the company an “outperform” rating in a research note on Wednesday, October 6th. Finally, Raymond James raised their price target on shares of Whitecap Resources from C$9.00 to C$10.00 and gave the company a “strong-buy” rating in a research note on Friday, September 24th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Whitecap Resources presently has a consensus rating of “Buy” and a consensus price target of C$8.98.
WCP traded up C$0.33 during midday trading on Thursday, hitting C$7.78. 4,216,802 shares of the company were exchanged, compared to its average volume of 3,232,556. The company’s 50 day simple moving average is C$5.90 and its 200 day simple moving average is C$5.85. The firm has a market capitalization of C$4.91 billion and a price-to-earnings ratio of 9.94. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 62.78. Whitecap Resources has a 1-year low of C$2.24 and a 1-year high of C$7.86.
In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 5,000 shares of the firm’s stock in a transaction on Friday, August 13th. The shares were acquired at an average cost of C$5.41 per share, with a total value of C$27,050.00. Following the purchase, the director now directly owns 2,483,636 shares of the company’s stock, valued at approximately C$13,436,470.76. Insiders acquired a total of 27,000 shares of company stock worth $148,490 over the last three months.
Whitecap Resources Company Profile
Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 24, 2021, it had a total proved plus probable reserves of 507,287 thousand barrels of oil equivalent.
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