Whitecap Resources (TSE:WCP – Get Free Report) had its price objective hoisted by research analysts at National Bank Financial from C$27.00 to C$28.00 in a report released on Tuesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 39.17% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on the company. Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a “buy” rating in a report on Friday, July 17th. TD raised their price objective on Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$19.18.
Whitecap Resources Trading Down 0.7%
Whitecap Resources stock traded down C$0.14 during mid-day trading on Tuesday, hitting C$20.12. The company’s stock had a trading volume of 3,493,292 shares, compared to its average volume of 6,136,864. The stock’s fifty day moving average is C$18.26 and its two-hundred day moving average is C$16.60. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14. The firm has a market capitalization of C$24.46 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29. Whitecap Resources has a 1 year low of C$10.08 and a 1 year high of C$20.53.
Whitecap Resources (TSE:WCP – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.73 EPS for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. The company had revenue of C$2.35 billion for the quarter. On average, analysts anticipate that Whitecap Resources will post 1.12 EPS for the current year.
Whitecap Resources Company Profile
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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