Whitecap Resources (WCP) PT Raised to C$12.00

Whitecap Resources (TSE:WCP) had its price target raised by equities research analysts at Barclays from C$11.00 to C$12.00 in a research report issued on Wednesday. Barclays’ price objective suggests a potential upside of 24.48% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. National Bank Financial increased their price objective on shares of Whitecap Resources from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Needham & Company LLC reissued an “outperform” rating and issued a C$13.00 price objective on shares of Whitecap Resources in a research report on Friday, December 15th. TD Securities increased their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. BMO Capital Markets increased their price objective on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday, December 5th. Finally, CIBC reissued an “outperform” rating and issued a C$12.50 price objective on shares of Whitecap Resources in a research report on Tuesday, December 5th. Seven equities research analysts have rated the stock with a buy rating, Whitecap Resources has an average rating of “Buy” and a consensus target price of C$13.22.

Shares of Whitecap Resources (TSE WCP) opened at C$9.64 on Wednesday. The stock has a market cap of $4,030.00, a P/E ratio of 12.05 and a beta of 1.03. Whitecap Resources has a fifty-two week low of C$8.31 and a fifty-two week high of C$11.48.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, November 1st. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.01). Whitecap Resources had a net margin of 1.91% and a return on equity of 0.46%.

In related news, Director Grant Bradley Fagerheim bought 10,200 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average cost of C$8.91 per share, with a total value of C$90,882.00.

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Whitecap Resources Company Profile

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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