Whitecap Resources Inc. (TSE:WCP) Stock Has Consensus Price Target of C$20.50

Whitecap Resources Inc. (TSE:WCP) has earned an average rating of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$20.50.

A number of research firms recently commented on WCP. Canaccord Genuity Group lifted their target price on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a research note on Thursday. TD upped their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, September 11th. ATB Cormark Capital Markets raised their price target on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Royal Bank Of Canada raised their price target on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Finally, Desjardins lifted their price objective on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock opened at C$19.62 on Friday. The firm has a market cap of C$23.87 billion, a P/E ratio of 15.45, a P/E/G ratio of -0.33 and a beta of 0.29. The company has a current ratio of 0.60, a quick ratio of 0.67 and a debt-to-equity ratio of 23.99. Whitecap Resources has a 12 month low of C$10.18 and a 12 month high of C$20.79. The stock’s fifty day moving average price is C$18.74 and its 200-day moving average price is C$15.91.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$0.27 EPS for the quarter. The company had revenue of C$2.14 billion during the quarter. Whitecap Resources had a net margin of 19.74% and a return on equity of 13.77%. On average, equities research analysts expect that Whitecap Resources will post 1.12 earnings per share 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.