Whitecap Resources (TSE:WCP) Stock Rating Reaffirmed by Tudor Pickering

Whitecap Resources (TSE:WCP)‘s stock had its “buy” rating restated by investment analysts at Tudor Pickering in a research report issued on Thursday, Stock Target Advisor reports. They presently have a C$8.50 target price on the stock. Tudor Pickering’s price target points to a potential upside of 9.54% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Tudor Pickering & Holt raised their target price on Whitecap Resources from C$7.50 to C$8.50 and gave the company a “buy” rating in a report on Wednesday, October 6th. ATB Capital reaffirmed an “outperform” rating on shares of Whitecap Resources in a report on Wednesday, October 6th. BMO Capital Markets raised their target price on Whitecap Resources from C$8.00 to C$9.00 and gave the company a “na” rating in a report on Monday, June 21st. National Bankshares raised their target price on Whitecap Resources from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Wednesday, October 6th. Finally, CIBC reaffirmed a “buy” rating and issued a C$10.50 target price on shares of Whitecap Resources in a report on Thursday. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Whitecap Resources has a consensus rating of “Buy” and a consensus price target of C$8.98.

Whitecap Resources stock traded up C$0.31 during mid-day trading on Thursday, reaching C$7.76. 3,762,550 shares of the company were exchanged, compared to its average volume of 3,232,556. The company has a fifty day simple moving average of C$5.90 and a 200-day simple moving average of C$5.85. Whitecap Resources has a 12 month low of C$2.24 and a 12 month high of C$7.86. The company has a debt-to-equity ratio of 62.78, a current ratio of 0.54 and a quick ratio of 0.53. The firm has a market cap of C$4.90 billion and a PE ratio of 9.92.

Whitecap Resources (TSE:WCP) last issued its earnings results on Thursday, July 29th. The company reported C$0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.13 by C($0.10). The business had revenue of C$658.39 million during the quarter. Sell-side analysts anticipate that Whitecap Resources will post 0.9599999 earnings per share for the current year.

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 5,000 shares of the stock in a transaction dated Friday, August 6th. The stock was purchased at an average cost of C$5.38 per share, with a total value of C$26,900.00. Following the transaction, the director now owns 2,473,636 shares in the company, valued at approximately C$13,308,161.68. Over the last three months, insiders bought 27,000 shares of company stock valued at $148,490.

Whitecap Resources Company Profile

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, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 24, 2021, it had a total proved plus probable reserves of 507,287 thousand barrels of oil equivalent.

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