National Bankshares Cuts Whitecap Resources (TSE:WCP) Price Target to C$14.50

Whitecap Resources (TSE:WCP) had its target price reduced by stock analysts at National Bankshares from C$15.00 to C$14.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 47.81% from the company’s current price.

Several other research analysts have also weighed in on WCP. ATB Capital reduced their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Desjardins raised their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Canaccord Genuity Group dropped their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Finally, Raymond James raised Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.68.

Whitecap Resources Trading Up 0.2 %

Shares of Whitecap Resources stock traded up C$0.02 during trading on Thursday, hitting C$9.81. The stock had a trading volume of 517,796 shares, compared to its average volume of 2,056,958. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.31. The stock has a 50 day simple moving average of C$10.09 and a 200 day simple moving average of C$10.24. The company has a market capitalization of C$5.88 billion, a PE ratio of 7.85, a P/E/G ratio of -0.33 and a beta of 2.67.

Insider Buying and Selling at Whitecap Resources

In other news, Senior Officer Thanh Chan Kang bought 10,000 shares of Whitecap Resources stock in a transaction on Friday, November 8th. The shares were bought at an average cost of C$10.48 per share, for a total transaction of C$104,800.00. 0.84% of the stock is currently owned by insiders.

About Whitecap Resources

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.