Whitecap Resources (TSE:WCP) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Whitecap Resources (TSE:WCP) had its price target upped by equities research analysts at ATB Cormark Capital Markets from C$17.50 to C$18.50 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 15.48% from the company’s previous close.

Other analysts have also issued research reports about the stock. Scotiabank upgraded shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Desjardins upped their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada raised their price objective on shares of Whitecap Resources from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Monday, April 13th. BMO Capital Markets lifted their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Finally, Raymond James Financial lowered shares of Whitecap Resources from a “strong-buy” rating to a “moderate buy” rating and boosted their target price for the stock from C$15.00 to C$16.00 in a report on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$16.73.

Whitecap Resources Price Performance

Shares of WCP stock remained flat at C$16.02 during trading hours on Thursday. The company’s stock had a trading volume of 6,111,110 shares, compared to its average volume of 6,859,100. Whitecap Resources has a 52-week low of C$7.55 and a 52-week high of C$16.28. The company’s fifty day moving average is C$14.49 and its 200 day moving average is C$12.54. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 40.03. The firm has a market capitalization of C$19.45 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of -0.33 and a beta of 0.27.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$1.84 billion during the quarter. Whitecap Resources had a return on equity of 10.14% and a net margin of 18.38%. Sell-side analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of C$13.76, for a total transaction of C$68,800.00. Following the completion of the transaction, the director directly owned 3,278,099 shares in the company, valued at C$45,106,642.24. This trade represents a 0.15% decrease in their ownership of the stock. Insiders sold a total of 6,100 shares of company stock valued at $83,826 over the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.