Whitecap Resources (TSE:WCP – Get Free Report) had its target price upped by analysts at Royal Bank Of Canada from C$20.00 to C$22.00 in a report released on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 9.56% from the stock’s previous close.
WCP has been the topic of a number of other reports. Desjardins lifted their price target on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Tuesday. National Bank Financial boosted their price target on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, TD increased their price objective on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, September 11th. Two analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$19.36.
Check Out Our Latest Research Report on Whitecap Resources
Whitecap Resources Price Performance
WCP traded down C$0.02 during trading on Wednesday, reaching C$20.08. 2,899,381 shares of the company traded hands, compared to its average volume of 6,128,232. The company has a market cap of C$24.42 billion, a P/E ratio of 17.93, a PEG ratio of -0.33 and a beta of 0.29. The company has a debt-to-equity ratio of 24.14, a quick ratio of 0.67 and a current ratio of 0.56. Whitecap Resources has a 12-month low of C$10.08 and a 12-month high of C$20.53. The firm has a fifty day simple moving average of C$18.32 and a 200 day simple moving average of C$16.64.
Whitecap Resources (TSE:WCP – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share for the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. The firm had revenue of C$2.35 billion during the quarter. On average, equities analysts forecast 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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