Whitecap Resources Inc. (TSE:WCP – Get Rating) has earned a consensus recommendation of "Buy" from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$14.61.
WCP has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Whitecap Resources from C$14.00 to C$16.00 and gave the company an "outperform" rating in a research report on Thursday, June 30th. Haywood Securities lowered their price target on Whitecap Resources from C$18.00 to C$16.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. BMO Capital Markets lowered their price target on Whitecap Resources from C$16.00 to C$14.00 in a research report on Friday, July 29th. Scotiabank raised their price target on Whitecap Resources from C$12.00 to C$13.00 in a research report on Wednesday, June 8th. Finally, Canaccord Genuity Group set a C$15.50 price target on Whitecap Resources and gave the stock a "buy" rating in a research report on Thursday, August 25th.
Get Whitecap Resources alerts:Whitecap Resources Stock Down 3.2 %
TSE WCP opened at C$9.70 on Friday. The company has a debt-to-equity ratio of 18.80, a quick ratio of 1.02 and a current ratio of 1.05. The company has a market capitalization of C$6.00 billion and a P/E ratio of 2.14. Whitecap Resources has a one year low of C$5.23 and a one year high of C$12.71. The stock has a 50 day moving average price of C$9.07 and a 200-day moving average price of C$9.90.
Whitecap Resources (TSE:WCP – Get Rating) last posted its earnings results on Thursday, July 28th. The company reported C$0.61 EPS for the quarter, beating analysts' consensus estimates of C$0.52 by C$0.09. The firm had revenue of C$1.35 billion for the quarter. As a group, equities analysts predict that Whitecap Resources will post 1.8000001 EPS for the current fiscal year.Insider Transactions at Whitecap Resources
In other news, Senior Officer Thanh Chan Kang purchased 5,450 shares of the business's stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average price of C$8.80 per share, for a total transaction of C$47,960.00. Following the completion of the purchase, the insider now owns 596,438 shares in the company, valued at approximately C$5,248,654.40. In other news, Director Grant Bradley Fagerheim purchased 5,000 shares of the business's stock in a transaction dated Monday, July 4th. The shares were purchased at an average price of C$8.82 per share, for a total transaction of C$44,100.00. Following the completion of the purchase, the director now owns 711,200 shares in the company, valued at approximately C$6,272,784. Also, Senior Officer Thanh Chan Kang purchased 5,450 shares of the business's stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average price of C$8.80 per share, for a total transaction of C$47,960.00. Following the purchase, the insider now owns 596,438 shares of the company's stock, valued at approximately C$5,248,654.40. Over the last ninety days, insiders acquired 60,450 shares of company stock worth $540,310.
Whitecap Resources Company Profile
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Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.
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