Whitecap Resources (TSE:WCP – Get Free Report) had its target price lifted by analysts at BMO Capital Markets from C$13.00 to C$14.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 29.51% from the stock’s current price.
A number of other research firms have also commented on WCP. Jefferies Financial Group set a C$11.00 price target on shares of Whitecap Resources and gave the company a “buy” rating in a research report on Tuesday, February 27th. Canaccord Genuity Group lifted their price target on shares of Whitecap Resources from C$12.50 to C$14.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. CIBC lifted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James dropped their target price on shares of Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. Finally, Stifel Nicolaus boosted their target price on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$13.56.
Whitecap Resources Stock Up 0.6 %
Whitecap Resources (TSE:WCP – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. The firm had revenue of C$933.30 million during the quarter, compared to the consensus estimate of C$787.00 million. On average, research analysts forecast that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Grant Bradley Fagerheim purchased 3,723 shares of Whitecap Resources stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average price of C$8.17 per share, for a total transaction of C$30,416.91. 0.74% of the stock is owned by corporate insiders.
Whitecap Resources Company Profile
Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.
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