Whitecap Resources (TSE:WCP) PT Raised to C$14.00 at BMO Capital Markets

Whitecap Resources (TSE:WCP) had its price target lifted by investment analysts at BMO Capital Markets from C$13.00 to C$14.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 29.99% from the company’s previous close.

A number of other research firms also recently commented on WCP. Raymond James reduced their target price on Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating for the company in a report on Friday, January 19th. National Bankshares reduced their price objective on Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. Stifel Nicolaus increased their target price on Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity Group upped their price target on Whitecap Resources from C$12.50 to C$14.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, CIBC increased their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$13.56.

Whitecap Resources Stock Down 0.9 %

Shares of WCP opened at C$10.77 on Thursday. The company’s 50-day simple moving average is C$10.00 and its 200-day simple moving average is C$9.64. The company has a debt-to-equity ratio of 25.25, a quick ratio of 0.67 and a current ratio of 0.90. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.91. The stock has a market capitalization of C$6.44 billion, a PE ratio of 7.38, a P/E/G ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.14). The company had revenue of C$933.30 million during the quarter, compared to analysts’ expectations of C$787.00 million. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. Analysts forecast that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal year.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is owned by insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.