Royal Bank Of Canada Issues Positive Forecast for Whitecap Resources (TSE:WCP) Stock Price

Whitecap Resources (TSE:WCP) had its target price raised by analysts at Royal Bank Of Canada from C$16.00 to C$17.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 15.25% from the company’s current price.

A number of other analysts have also commented on WCP. National Bank Financial boosted their price target on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. ATB Cormark Capital Markets boosted their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “moderate buy” rating in a research note on Tuesday, February 24th. BMO Capital Markets boosted their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. TD Securities boosted their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Canaccord Genuity Group boosted their price target on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, Whitecap Resources presently has an average rating of “Buy” and a consensus target price of C$15.50.

Whitecap Resources Stock Up 1.0%

WCP stock traded up C$0.15 during midday trading on Monday, reaching C$14.75. 3,146,223 shares of the company’s stock traded hands, compared to its average volume of 6,991,205. The company has a market cap of C$17.90 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of -0.33 and a beta of 0.27. The firm’s fifty day moving average price is C$13.98 and its 200-day moving average price is C$12.19. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 40.03. Whitecap Resources has a 52 week low of C$7.55 and a 52 week high of C$16.03.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Monday, February 23rd. The company reported C$0.26 EPS for the quarter. The business had revenue of C$1.51 billion during the quarter. Whitecap Resources had a net margin of 18.38% and a return on equity of 10.14%. As a group, sell-side analysts forecast that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.