Whitecap Resources Inc. (TSE:WCP) Receives C$14.54 Consensus PT from Brokerages

Shares of Whitecap Resources Inc. (TSE:WCPGet Rating) have received a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$14.54.

A number of brokerages recently weighed in on WCP. Scotiabank boosted their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a report on Wednesday, June 8th. Raymond James boosted their price target on shares of Whitecap Resources from C$16.00 to C$17.00 and gave the stock a “strong-buy” rating in a report on Friday, July 29th. National Bankshares cut their price target on shares of Whitecap Resources from C$22.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, July 18th. Haywood Securities cut their price target on shares of Whitecap Resources from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Finally, ATB Capital upped their price objective on shares of Whitecap Resources from C$15.00 to C$15.50 and gave the company a “na” rating in a report on Wednesday, June 29th.

Insider Transactions at Whitecap Resources

In other news, Director Grant Bradley Fagerheim purchased 10,000 shares of the stock in a transaction dated Thursday, June 30th. The shares were purchased at an average cost of C$9.12 per share, with a total value of C$91,200.00. Following the completion of the acquisition, the director now owns 2,630,867 shares in the company, valued at approximately C$23,993,507.04. In related news, Director Grant Bradley Fagerheim acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 30th. The shares were bought at an average cost of C$9.12 per share, for a total transaction of C$91,200.00. Following the completion of the transaction, the director now owns 2,630,867 shares in the company, valued at C$23,993,507.04. Also, Director Mary-Jo Case acquired 8,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average price of C$9.95 per share, for a total transaction of C$79,600.00. Following the completion of the transaction, the director now owns 53,639 shares of the company’s stock, valued at approximately C$533,708.05. Over the last ninety days, insiders have bought 58,600 shares of company stock valued at $533,958.

Whitecap Resources Stock Performance

TSE WCP opened at C$8.66 on Wednesday. Whitecap Resources has a 1 year low of C$4.69 and a 1 year high of C$12.71. The company has a debt-to-equity ratio of 24.68, a current ratio of 0.74 and a quick ratio of 0.70. The firm has a market cap of C$5.36 billion and a price-to-earnings ratio of 2.20. The company has a fifty day moving average price of C$9.76 and a 200-day moving average price of C$9.85.

Whitecap Resources (TSE:WCPGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported C$0.61 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.52 by C$0.09. The company had revenue of C$1.35 billion during the quarter. As a group, equities research analysts predict that Whitecap Resources will post 1.9138656 EPS for the current fiscal year.

Whitecap Resources Company Profile

(Get Rating)

Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.

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