Several brokerages have updated their recommendations and price targets on shares of Whitecap Resources (TSE: WCP) in the last few weeks:
- 4/25/2024 – Whitecap Resources had its price target raised by analysts at Royal Bank of Canada from C$13.00 to C$14.00. They now have an “outperform” rating on the stock.
- 4/25/2024 – Whitecap Resources had its price target raised by analysts at Canaccord Genuity Group Inc. from C$14.00 to C$14.50. They now have a “buy” rating on the stock.
- 4/25/2024 – Whitecap Resources had its price target raised by analysts at BMO Capital Markets from C$13.00 to C$14.00.
- 4/23/2024 – Whitecap Resources had its price target raised by analysts at Stifel Nicolaus from C$12.75 to C$13.75. They now have a “buy” rating on the stock.
- 4/22/2024 – Whitecap Resources had its price target raised by analysts at CIBC from C$14.00 to C$15.00. They now have an “outperform” rating on the stock.
- 4/17/2024 – Whitecap Resources had its price target raised by analysts at Canaccord Genuity Group Inc. from C$12.50 to C$14.00. They now have a “buy” rating on the stock.
- 3/21/2024 – Whitecap Resources was given a new C$13.00 price target on by analysts at BMO Capital Markets. They now have an “outperform” rating on the stock.
Whitecap Resources Stock Performance
Shares of WCP traded down C$0.31 during midday trading on Tuesday, reaching C$10.33. 1,372,536 shares of the stock were exchanged, compared to its average volume of 2,406,878. The business’s 50-day moving average price is C$10.08 and its 200 day moving average price is C$9.62. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67. Whitecap Resources Inc. has a twelve month low of C$8.15 and a twelve month high of C$11.91. The company has a market capitalization of C$6.18 billion, a price-to-earnings ratio of 7.08, a PEG ratio of -0.33 and a beta of 2.81.
Whitecap Resources (TSE:WCP – Get Free Report) last posted its 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 return on equity of 16.89% and a net margin of 27.52%. The firm had revenue of C$933.30 million for the quarter, compared to analyst estimates of C$787.00 million. On average, sell-side analysts expect that Whitecap Resources Inc. will post 1.2846626 EPS for the current fiscal year.
Whitecap Resources Cuts Dividend
Insider Buying and Selling
In related news, Director Grant Bradley Fagerheim purchased 10,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of C$10.69 per share, with a total value of C$106,900.00. In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction on Monday, April 29th. The shares were bought at an average price of C$10.69 per share, with a total value of C$106,900.00. Also, Senior Officer Thanh Chan Kang acquired 2,970 shares of the stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of C$10.60 per share, for a total transaction of C$31,482.00. Insiders have purchased a total of 21,693 shares of company stock valued at $221,699 over the last quarter. 0.74% of the stock is currently owned by insiders.
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.
Further Reading
- Five stocks we like better than Whitecap Resources
- What is a SEC Filing?
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Energy and Oil Stocks Explained
- Hilton Demonstrates Asset Light is Right for Investors
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Whitecap Resources Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources Inc and related companies with MarketBeat.com's FREE daily email newsletter.