Whitecap Resources (WCP) Price Target Raised to C$12.00

Whitecap Resources (TSE:WCP) had its price objective boosted by equities research analysts at Barclays from C$11.00 to C$12.00 in a report issued on Wednesday. Barclays’ price objective would indicate a potential upside of 25.92% from the company’s current price.

WCP has been the subject of a number of other reports. National Bank Financial raised their target price on Whitecap Resources from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets raised their target price on Whitecap Resources from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday, December 5th. CIBC restated an “outperform” rating and issued a C$12.50 target price on shares of Whitecap Resources in a research note on Tuesday, December 5th. Raymond James Financial raised their target price on Whitecap Resources from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Finally, TD Securities raised their target price on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Seven investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$13.22.

Whitecap Resources (WCP) traded down C$0.19 during trading on Wednesday, reaching C$9.53. The company’s stock had a trading volume of 1,965,583 shares, compared to its average volume of 1,685,701. Whitecap Resources has a 1 year low of C$8.31 and a 1 year high of C$11.48. The firm has a market capitalization of $4,050.00, a price-to-earnings ratio of 11.91 and a beta of 1.03.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, November 1st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). Whitecap Resources had a return on equity of 0.46% and a net margin of 1.91%.

In other news, Director Grant Bradley Fagerheim purchased 10,200 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average price of C$8.91 per share, for a total transaction of C$90,882.00.

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Whitecap Resources Company Profile

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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