Whitecap Resources Inc. (TSE:WCP) Given Average Rating of “Buy” by Analysts

Whitecap Resources Inc. (TSE:WCP) has been given a consensus recommendation of “Buy” by the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$14.50.

A number of brokerages have commented on WCP. Capital One Financial raised shares of Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. National Bank Financial upped their price objective on Whitecap Resources from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Desjardins lifted their target price on Whitecap Resources from C$13.50 to C$14.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Scotiabank increased their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “hold” rating in a report on Tuesday, January 20th.

Whitecap Resources Stock Performance

TSE:WCP opened at C$13.59 on Monday. The company has a market cap of C$16.50 billion, a price-to-earnings ratio of 12.03, a PEG ratio of -0.33 and a beta of 0.69. Whitecap Resources has a 1 year low of C$6.87 and a 1 year high of C$13.98. The stock’s 50 day simple moving average is C$12.00 and its two-hundred day simple moving average is C$11.19. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

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.