Whitecap Resources (TSE:WCP) Price Target Raised to C$20.00 at Royal Bank Of Canada

Whitecap Resources (TSE:WCP) had its price target increased by Royal Bank Of Canada from C$18.00 to C$20.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 23.23% from the stock’s previous close.

A number of other research firms also recently weighed in on WCP. ATB Cormark Capital Markets raised their price target on Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Desjardins raised their price target 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. Scotia raised their price target on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 30th. TD Securities raised their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Scotiabank upgraded Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Three analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$17.00.

Whitecap Resources Stock Up 0.4%

Shares of TSE:WCP traded up C$0.06 during mid-day trading on Tuesday, reaching C$16.23. 2,582,815 shares of the stock were exchanged, compared to its average volume of 6,686,607. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. The company has a market cap of C$19.73 billion, a P/E ratio of 22.23, a P/E/G ratio of -0.33 and a beta of 0.38. Whitecap Resources has a one year low of C$8.40 and a one year high of C$17.33. The stock’s 50 day simple moving average is C$15.31 and its 200-day simple moving average is C$13.21.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$1.84 billion during the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. As a group, equities research analysts predict that Whitecap Resources will post 1.1226131 EPS for the current year.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock in a transaction on Friday, April 17th. The shares were 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 of the company’s stock, valued at C$45,106,642.24. The trade was a 0.15% decrease in their ownership of the stock. Also, insider Travis Bjarne Tweit acquired 3,000 shares of Whitecap Resources stock in a transaction on Monday, May 25th. The shares were bought at an average cost of C$16.42 per share, with a total value of C$49,260.00. Following the completion of the transaction, the insider owned 227,204 shares of the company’s stock, valued at approximately C$3,730,689.68. This trade represents a 1.34% increase in their ownership of the stock. Insiders have sold a total of 6,100 shares of company stock valued at $83,826 over the last quarter. 0.84% of the stock is currently owned by corporate insiders.

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.