Jefferies Financial Group Trims Whitecap Resources (TSE:WCP) Target Price to C$11.00

Whitecap Resources (TSE:WCP) had its price target cut by analysts at Jefferies Financial Group from C$12.00 to C$11.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 8.70% from the stock’s current price.

A number of other research firms have also weighed in on WCP. Royal Bank of Canada raised shares of Whitecap Resources to a “moderate buy” rating in a research note on Friday, July 26th. Scotiabank upped their target price on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Whitecap Resources has a consensus rating of “Buy” and a consensus price target of C$13.61.

Whitecap Resources Stock Performance

WCP stock traded up C$0.16 during midday trading on Monday, reaching C$10.12. The stock had a trading volume of 1,225,546 shares, compared to its average volume of 2,189,364. Whitecap Resources has a 52-week low of C$8.15 and a 52-week high of C$11.91. The firm has a fifty day simple moving average of C$10.16 and a two-hundred day simple moving average of C$10.18. 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$6.06 billion, a PE ratio of 8.07, a P/E/G ratio of -0.33 and a beta of 2.69.

Whitecap Resources (TSE:WCP) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 EPS for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.12. The firm had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$946.00 million. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. As a group, equities research analysts anticipate that Whitecap Resources will post 1.001005 EPS for the current year.

Insider Buying and Selling at Whitecap Resources

In related news, Director Chandra Henry purchased 10,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average cost of C$10.00 per share, for a total transaction of C$100,000.00. In related news, Director Grant Bradley Fagerheim sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total value of C$204,400.00. Also, Director Chandra Henry bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of C$10.00 per share, with a total value of C$100,000.00. Insiders own 0.83% 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.