Whitecap Resources (TSE:WCP) Rating Increased to Strong-Buy at Scotiabank

Whitecap Resources (TSE:WCP) was upgraded by equities researchers at Scotiabank from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also commented on WCP. ATB Cormark Capital Markets increased their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the company a “moderate buy” rating in a research note on Tuesday, February 24th. TD Securities boosted their target price on shares of 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. BMO Capital Markets upped their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. National Bank Financial raised their price target on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Canaccord Genuity Group lifted their price target on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Whitecap Resources presently has an average rating of “Buy” and an average target price of C$15.15.

Whitecap Resources Trading Down 0.5%

Shares of Whitecap Resources stock opened at C$14.93 on Thursday. Whitecap Resources has a 1 year low of C$6.87 and a 1 year high of C$15.11. The company has a debt-to-equity ratio of 40.03, a current ratio of 0.68 and a quick ratio of 0.67. The business has a 50 day moving average price of C$13.07 and a 200 day moving average price of C$11.71. The company has a market capitalization of C$18.12 billion, a P/E ratio of 15.08, a P/E/G ratio of -0.33 and a beta of 0.67.

Whitecap Resources (TSE:WCP) last announced its earnings results on Monday, February 23rd. The company reported C$0.26 EPS for the quarter. Whitecap Resources had a return on equity of 10.14% and a net margin of 18.38%.The firm had revenue of C$1.51 billion for the quarter. Sell-side analysts anticipate that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

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.