Whitecap Resources (TSE:WCP) Price Target Cut to C$14.50 by Analysts at ATB Capital

Whitecap Resources (TSE:WCP) had its price target decreased by stock analysts at ATB Capital from C$15.00 to C$14.50 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s target price suggests a potential upside of 38.23% from the stock’s current price.

Several other research analysts also recently weighed in on WCP. Scotiabank boosted their target price on Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. Canaccord Genuity Group dropped their target price on Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday. Royal Bank of Canada upgraded Whitecap Resources to a “moderate buy” rating in a research note on Friday, July 26th. Desjardins boosted their price target on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Raymond James upgraded Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Whitecap Resources presently has a consensus rating of “Moderate Buy” and an average target price of C$13.61.

Whitecap Resources Stock Up 0.8 %

WCP stock traded up C$0.08 on Thursday, hitting C$10.49. 1,174,822 shares of the company’s stock were exchanged, compared to its average volume of 2,299,080. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.31. The firm has a 50 day moving average price of C$10.35 and a two-hundred day moving average price of C$10.28. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The stock has a market cap of C$6.29 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources (TSE:WCP) last announced its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. The firm had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$946.00 million. As a group, equities research analysts expect that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Insider Activity

In other news, Director Grant Bradley Fagerheim sold 20,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00. Insiders own 0.84% of the company’s stock.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.