Whitecap Resources (TSE:WCP) Price Target Raised to C$16.00

Whitecap Resources (TSE:WCP) had its price objective upped by National Bankshares from C$15.00 to C$16.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

WCP has been the topic of several other research reports. Scotiabank lifted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. Tudor Pickering upgraded Whitecap Resources to a “strong-buy” rating in a research note on Wednesday, October 15th. Capital One Financial upgraded Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. Desjardins increased their price target on Whitecap Resources from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, TD Securities lifted their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$14.50.

Whitecap Resources Stock Performance

Whitecap Resources stock opened at C$12.29 on Tuesday. The firm has a market capitalization of C$14.92 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of -0.33 and a beta of 0.69. Whitecap Resources has a one year low of C$6.87 and a one year high of C$12.93. The stock’s 50 day moving average price is C$11.68 and its 200 day moving average price is C$10.97. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.17 earnings per share (EPS) for the quarter. Whitecap Resources had a net margin of 24.23% and a return on equity of 15.86%. The company had revenue of C$1.55 billion during the quarter. As a group, sell-side analysts expect that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.