Whitecap Resources Inc. (TSE:WCP) Stock Rated “Buy” by Sell-Side Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have been assigned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$20.50.

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research report on Thursday. ATB Cormark Capital Markets increased their price objective on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Royal Bank Of Canada raised their target price on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. National Bank Financial raised 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 research note on Tuesday, October 20th. Finally, Desjardins boosted their target price on Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th.

Whitecap Resources Stock Performance

Shares of WCP stock opened at C$19.62 on Friday. The company has a market capitalization of C$23.87 billion, a P/E ratio of 15.45, a P/E/G ratio of -0.33 and a beta of 0.29. The business’s 50 day moving average is C$18.74 and its two-hundred day moving average is C$15.91. The company has a current ratio of 0.60, a quick ratio of 0.67 and a debt-to-equity ratio of 23.99. Whitecap Resources has a 12-month low of C$10.18 and a 12-month high of C$20.79.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, October 28th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$2.14 billion for the quarter. Whitecap Resources had a net margin of 19.74% and a return on equity of 13.77%. Analysts expect that Whitecap Resources will post 1.12 EPS for the current fiscal year.

About Whitecap Resources

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.