Whitecap Resources (TSE:WCP) Raised to “Strong-Buy” at Scotiabank

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

Several other brokerages also recently commented on WCP. Canaccord Genuity Group lifted their target price 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. ATB Cormark Capital Markets raised their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the company a “moderate buy” rating in a research report on Tuesday, February 24th. Raymond James Financial cut Whitecap Resources from a “strong-buy” rating to a “moderate buy” rating and boosted their price objective for the stock from C$15.00 to C$16.00 in a research report on Tuesday, February 24th. BMO Capital Markets raised their target price on Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada lifted their price target on Whitecap Resources from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$15.15.

Whitecap Resources Stock Down 0.5%

Shares of Whitecap Resources stock opened at C$14.93 on Thursday. The stock has a market capitalization of C$18.12 billion, a P/E ratio of 15.08, a PEG ratio of -0.33 and a beta of 0.67. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 40.03. The stock has a 50 day moving average price of C$13.07 and a two-hundred day moving average price of C$11.71. Whitecap Resources has a 12-month low of C$6.87 and a 12-month high of C$15.11.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Monday, February 23rd. The company reported C$0.26 EPS for the quarter. Whitecap Resources had a net margin of 18.38% and a return on equity of 10.14%. The company had revenue of C$1.51 billion for the quarter. Equities analysts expect that Whitecap Resources will post 1.1226131 earnings per share for the current 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.