Whitecap Resources (TSE:WCP) had its price objective reduced by Royal Bank of Canada from C$13.00 to C$10.00 in a research note issued to investors on Tuesday.

WCP has been the topic of a number of other research reports. National Bank Financial dropped their price target on shares of Whitecap Resources from C$8.50 to C$8.00 and set an outperform rating on the stock in a research report on Wednesday, December 19th. Raymond James dropped their price target on shares of Whitecap Resources from C$9.50 to C$9.00 in a research report on Wednesday, December 19th. GMP Securities dropped their price target on shares of Whitecap Resources from C$12.50 to C$8.75 in a research report on Thursday, December 13th. CIBC dropped their price target on shares of Whitecap Resources from C$12.50 to C$10.25 in a research report on Thursday, November 22nd. Finally, TD Securities dropped their price target on shares of Whitecap Resources from C$14.00 to C$11.00 and set a buy rating on the stock in a research report on Friday, November 2nd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$11.02.

TSE:WCP opened at C$4.74 on Tuesday. The company has a debt-to-equity ratio of 37.75, a quick ratio of 0.55 and a current ratio of 0.56. Whitecap Resources has a one year low of C$3.80 and a one year high of C$10.36.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings results on Thursday, November 1st. The company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$445.65 million during the quarter. On average, research analysts expect that Whitecap Resources will post 0.410000023755366 earnings per share for the current year.

In related news, insider Jeffery Byron Zdunich acquired 5,000 shares of the stock in a transaction dated Tuesday, November 20th. The stock was bought at an average price of C$5.11 per share, for a total transaction of C$25,550.00. Also, insider David Michael Mombourquette acquired 15,000 shares of the stock in a transaction dated Tuesday, October 16th. The stock was bought at an average price of C$7.01 per share, with a total value of C$105,150.00. Insiders bought a total of 42,047 shares of company stock worth $277,113 in the last 90 days.

Whitecap Resources Company Profile

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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