Whitecap Resources (TSE:WCP) Stock Gets Price Target Bump from National Bank Financial

by · The Markets Daily

Whitecap Resources (TSE:WCP – Get Free Report) had its price objective boosted by equities researchers at National Bank Financial from C$27.00 to C$28.00 in a research report issued on Tuesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 39.17% from the stock’s current price.

Several other equities analysts have also recently issued reports on WCP. TD lifted their price objective on Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Desjardins set a C$22.00 price objective on Whitecap Resources and gave the stock a “buy” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$19.18.

View Our Latest Analysis on WCP

Whitecap Resources Stock Down 0.7%

Shares of TSE WCP traded down C$0.14 during mid-day trading on Tuesday, hitting C$20.12. The company had a trading volume of 3,493,292 shares, compared to its average volume of 6,136,864. The company 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. The business’s 50-day simple moving average is C$18.26 and its 200 day simple moving average is C$16.60. Whitecap Resources has a 1-year low of C$10.08 and a 1-year high of C$20.53. The company has a debt-to-equity ratio of 24.14, a current ratio of 0.56 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP – Get Free Report) last released 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 firm had revenue of C$2.35 billion during the quarter. On average, analysts predict that Whitecap Resources will post 1.12 earnings per share for the current year.

About Whitecap Resources

(Get Free Report)

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.

See Also