Whitecap Resources (TSE:WCP) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Whitecap Resources Inc. (TSE:WCP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.03 and traded as high as C$12.88. Whitecap Resources shares last traded at C$12.81, with a volume of 3,778,687 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Desjardins lifted their price objective 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. Scotiabank raised their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. National Bankshares upped their price target on shares of 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. Tudor Pickering upgraded shares of Whitecap Resources to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Capital One Financial upgraded shares of Whitecap Resources to a “strong-buy” rating in a research report on Monday, October 27th. Four analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$14.50.

Whitecap Resources Stock Down 0.3%

The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The company has a market capitalization of C$15.55 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of -0.33 and a beta of 0.69. The company’s fifty day moving average is C$11.74 and its 200-day moving average is C$11.03.

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

About Whitecap Resources

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.