Whitecap Resources (TSE:WCP) PT Set at C$15.00 by National Bankshares

Whitecap Resources (TSE:WCP) has been assigned a C$15.00 price objective by equities researchers at National Bankshares in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 35.87% from the company’s current price.

A number of other brokerages have also recently weighed in on WCP. Capital One Financial upgraded shares of Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. Raymond James Financial boosted their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 23rd. Scotiabank increased their price objective on shares of Whitecap Resources from C$12.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. TD Securities boosted their price target on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Desjardins lifted their price objective on Whitecap Resources from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$14.08.

Whitecap Resources Trading Up 1.0%

Shares of TSE:WCP traded up C$0.11 during mid-day trading on Friday, reaching C$11.04. 3,114,088 shares of the company were exchanged, compared to its average volume of 5,874,310. Whitecap Resources has a 1 year low of C$6.87 and a 1 year high of C$12.02. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The firm’s 50-day simple moving average is C$11.30 and its 200 day simple moving average is C$10.61. The firm has a market cap of C$13.40 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of -0.33 and a beta of 0.62.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$1.55 billion for the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%. Equities research analysts forecast that Whitecap Resources will post 1.1226131 EPS for the current year.

Insider Buying and Selling

In other news, Director Bradley John Wall acquired 2,800 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was acquired at an average price of C$10.70 per share, for a total transaction of C$29,960.00. Following the completion of the acquisition, the director directly owned 3,800 shares in the company, valued at C$40,660. This represents a 280.00% increase in their position. 0.84% of the stock is currently owned by insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.