Desjardins Issues Positive Forecast for Whitecap Resources (TSE:WCP) Stock Price

Whitecap Resources (TSE:WCP) had its target price boosted by Desjardins from C$23.00 to C$24.00 in a research report issued on Tuesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 19.28% from the stock’s previous close.

WCP has been the topic of a number of other reports. TD raised their price objective on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, September 11th. National Bank Financial lifted their target price on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat.com, Whitecap Resources has an average rating of “Buy” and a consensus target price of C$19.18.

Whitecap Resources Trading Down 0.7%

Shares of TSE WCP traded down C$0.14 during mid-day trading on Tuesday, hitting C$20.12. The company’s stock had a trading volume of 3,493,292 shares, compared to its average volume of 6,136,864. Whitecap Resources has a one year low of C$10.08 and a one year high of C$20.53. The company’s fifty day simple moving average is C$18.26 and its 200-day simple moving average is C$16.60. The company has a debt-to-equity ratio of 24.14, a current ratio of 0.56 and a quick ratio of 0.67. The stock has a market cap of C$24.46 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share for the quarter. The business had revenue of C$2.35 billion during the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. On average, sell-side analysts anticipate that Whitecap Resources will post 1.12 earnings per share for the current fiscal year.

Whitecap Resources Company Profile

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.