Whitecap Resources (TSE:WCP) Given a C$15.00 Price Target by National Bankshares Analysts

Whitecap Resources (TSE:WCP) has been given a C$15.00 target price by equities researchers at National Bankshares in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 35.87% from the stock’s previous close.

WCP has been the subject of several other research reports. TD Securities boosted their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Raymond James Financial boosted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a report on Thursday, October 23rd. Capital One Financial raised shares of Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. Tudor Pickering raised Whitecap Resources to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Scotiabank boosted their price target on shares of Whitecap Resources from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Four research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Whitecap Resources presently has a consensus rating of “Buy” and a consensus target price of C$14.08.

Whitecap Resources Stock Performance

Whitecap Resources stock traded up C$0.11 during mid-day trading on Friday, reaching C$11.04. The company had a trading volume of 3,114,088 shares, compared to its average volume of 5,874,310. Whitecap Resources has a 52 week low of C$6.87 and a 52 week high of C$12.02. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The firm has a market cap of C$13.40 billion, a price-to-earnings ratio of 9.77, a PEG ratio of -0.33 and a beta of 0.62. The company has a 50 day moving average of C$11.30 and a 200-day moving average of C$10.61.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, October 22nd. The company reported C$0.17 earnings per share for the quarter. The business had revenue of C$1.55 billion for the quarter. Whitecap Resources had a net margin of 24.23% and a return on equity of 15.86%. On average, sell-side analysts expect that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Insider Transactions at Whitecap Resources

In related news, Director Bradley John Wall acquired 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were bought at an average cost of C$10.70 per share, with a total value of C$29,960.00. Following the completion of the purchase, the director directly owned 3,800 shares in the company, valued at C$40,660. The trade was a 280.00% increase in their ownership of the stock. 0.84% of the stock is currently owned by corporate insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.