Desjardins Lowers Whitecap Resources (TSE:WCP) Price Target to C$12.00

Whitecap Resources (TSE:WCP) had its price target cut by stock analysts at Desjardins from C$13.00 to C$12.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 46.52% from the stock’s previous close.

Separately, National Bankshares decreased their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Whitecap Resources currently has a consensus rating of “Buy” and an average price target of C$13.52.

Whitecap Resources Stock Performance

WCP traded up C$0.20 on Tuesday, hitting C$8.19. The company had a trading volume of 10,102,226 shares, compared to its average volume of 2,940,685. The stock has a market cap of C$4.78 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The company’s fifty day moving average price is C$9.88 and its 200 day moving average price is C$10.13. Whitecap Resources has a 1-year low of C$7.88 and a 1-year high of C$11.31.

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.