Whitecap Resources (TSE:WCP) PT Set at C$8.50 by Tudor Pickering & Holt

Whitecap Resources (TSE:WCP) received a C$8.50 price objective from Tudor Pickering & Holt in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Tudor Pickering & Holt’s price objective would indicate a potential upside of 9.25% from the stock’s current price.

WCP has been the subject of a number of other research reports. National Bank Financial lifted their price objective on Whitecap Resources to C$12.00 and gave the company an “outperform” rating in a research note on Wednesday, October 6th. National Bankshares lifted their price objective on Whitecap Resources from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Wednesday, October 6th. Scotiabank lifted their price objective on Whitecap Resources from C$7.00 to C$7.50 in a research note on Thursday, July 15th. Raymond James lifted their price objective on Whitecap Resources from C$9.00 to C$10.00 and gave the company a “strong-buy” rating in a research note on Friday, September 24th. Finally, Tudor Pickering reiterated a “buy” rating and set a C$8.50 price objective on shares of Whitecap Resources in a research note on Thursday. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$8.98.

Shares of WCP traded up C$0.33 on Thursday, reaching C$7.78. The stock had a trading volume of 4,216,802 shares, compared to its average volume of 3,232,556. The firm has a market capitalization of C$4.91 billion and a price-to-earnings ratio of 9.94. The company has a debt-to-equity ratio of 62.78, a quick ratio of 0.53 and a current ratio of 0.54. The company has a 50-day simple moving average of C$5.90 and a 200-day simple moving average of C$5.85. Whitecap Resources has a 12-month low of C$2.24 and a 12-month high of C$7.86.

Whitecap Resources (TSE:WCP) last released its earnings results on Thursday, July 29th. The company reported C$0.03 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.13 by C($0.10). The firm had revenue of C$658.39 million during the quarter. On average, analysts expect that Whitecap Resources will post 0.9599999 EPS for the current fiscal year.

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 5,000 shares of the business’s stock in a transaction dated Friday, August 13th. The shares were purchased at an average price of C$5.41 per share, with a total value of C$27,050.00. Following the completion of the purchase, the director now owns 2,483,636 shares in the company, valued at approximately C$13,436,470.76. In the last ninety days, insiders have bought 27,000 shares of company stock worth $148,490.

Whitecap Resources Company Profile

Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 24, 2021, it had a total proved plus probable reserves of 507,287 thousand barrels of oil equivalent.

Featured Article: What is a Reverse Stock Split?

Analyst Recommendations for Whitecap Resources (TSE:WCP)

Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.