Whitecap Resources (TSE:WCP) PT Set at C$15.00 by National Bankshares

Whitecap Resources (TSE:WCP) received a C$15.00 price target from National Bankshares in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 34.89% from the company’s current price.

A number of other equities research analysts have also weighed in on WCP. Tudor Pickering raised shares of Whitecap Resources to a “strong-buy” rating in a report on Wednesday, October 15th. Raymond James Financial lifted their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 23rd. Scotiabank increased their price objective on Whitecap Resources from C$12.00 to C$14.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. TD Securities raised their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Desjardins upped their target price on Whitecap Resources from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$14.08.

Whitecap Resources Stock Up 1.7%

Shares of TSE WCP opened at C$11.12 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The stock has a market capitalization of C$13.50 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of -0.33 and a beta of 0.62. Whitecap Resources has a 12-month low of C$6.87 and a 12-month high of C$12.02. The stock’s fifty day simple moving average is C$11.31 and its two-hundred day simple moving average is C$10.63.

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

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Director Bradley John Wall purchased 2,800 shares of Whitecap Resources stock in a transaction that occurred on Wednesday, October 29th. The stock was bought at an average price of C$10.70 per share, with a total value of C$29,960.00. Following the acquisition, the director owned 3,800 shares of the company’s stock, valued at C$40,660. This trade represents a 280.00% increase in their position. 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.