Whitecap Resources (TSE:WCP – Get Free Report) had its price target boosted by equities research analysts at National Bank Financial from C$25.00 to C$26.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 68.07% from the stock’s previous close.
Other research analysts also recently issued reports about the company. ATB Cormark Capital Markets boosted their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Royal Bank Of Canada raised their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Scotia boosted their price objective on Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. TD increased their target price on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Scotiabank upgraded Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$17.91.
Get Our Latest Stock Analysis on Whitecap Resources
Whitecap Resources Price Performance
Whitecap Resources (TSE:WCP – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$1.84 billion during the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. On average, equities research analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current year.
Insider Buying and Selling
In other Whitecap Resources news, insider Joseph Adam Wong purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was acquired at an average cost of C$14.46 per share, with a total value of C$108,450.00. Following the completion of the purchase, the insider directly owned 111,416 shares in the company, valued at approximately C$1,611,075.36. This represents a 7.22% increase in their position. Also, insider Travis Bjarne Tweit acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of C$15.48 per share, for a total transaction of C$46,440.00. Following the completion of the acquisition, the insider directly owned 230,204 shares of the company’s stock, valued at C$3,563,557.92. This trade represents a 1.32% increase in their ownership of the stock. Over the last three months, insiders bought 31,500 shares of company stock worth $481,010 and sold 6,100 shares worth $83,826. Corporate insiders own 0.84% of the company’s stock.
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.
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