National Bank Financial Issues Positive Forecast for Whitecap Resources (TSE:WCP) Stock Price

by · The Markets Daily

Whitecap Resources (TSE:WCP – Get Free Report) had its target price raised by analysts at National Bank Financial from C$26.00 to C$27.00 in a note issued to investors on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 54.20% from the company’s current price.

Several other equities analysts also recently weighed in on WCP. TD increased their target price 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. Desjardins set a C$22.00 price target on Whitecap Resources and gave the company a “buy” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$18.91.

Check Out Our Latest Analysis on Whitecap Resources

Whitecap Resources Stock Down 2.8%

WCP stock opened at C$17.51 on Wednesday. The company has a 50 day moving average price of C$17.56 and a two-hundred day moving average price of C$16.22. The company has a debt-to-equity ratio of 24.14, a quick ratio of 0.67 and a current ratio of 0.56. The stock has a market capitalization of C$21.29 billion, a P/E ratio of 15.63, a PEG ratio of -0.33 and a beta of 0.21. Whitecap Resources has a one year low of C$10.08 and a one year high of C$19.39.

Whitecap Resources (TSE:WCP – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. The business had revenue of C$2.35 billion for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. As a group, sell-side analysts expect that Whitecap Resources will post 1.1226131 EPS for the current year.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim purchased 10,000 shares of the company’s stock in a transaction on Monday, July 6th. The stock was bought at an average cost of C$14.46 per share, for a total transaction of C$144,600.00. Following the completion of the purchase, the director directly owned 3,308,099 shares of the company’s stock, valued at C$47,835,111.54. The trade was a 0.30% increase in their position. Also, insider Joseph Adam Wong acquired 7,500 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was purchased at an average price of C$14.46 per share, for a total transaction of C$108,450.00. Following the completion of the acquisition, the insider owned 111,416 shares in the company, valued at approximately C$1,611,075.36. This trade represents a 7.22% increase in their ownership of the stock. Company insiders own 0.84% of the company’s stock.

Whitecap Resources Company Profile

(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.

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