National Bankshares Trims Whitecap Resources (TSE:WCP) Target Price to C$14.50

Whitecap Resources (TSE:WCP) had its target price dropped by equities researchers at National Bankshares from C$15.50 to C$14.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 45.44% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada upgraded shares of Whitecap Resources to a “moderate buy” rating in a research report on Friday, July 26th. Jefferies Financial Group lowered their target price on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, Scotiabank increased their price target on Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$13.57.

Whitecap Resources Stock Up 1.0 %

TSE WCP opened at C$9.97 on Friday. The stock has a market capitalization of C$5.97 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of -0.33 and a beta of 2.69. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.79. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The stock has a fifty day moving average of C$10.18 and a 200-day moving average of C$10.22.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.29 by C$0.12. The business had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$946.00 million. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. On average, equities research analysts forecast that Whitecap Resources will post 1.0603015 EPS for the current year.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of Whitecap Resources stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$10.22, for a total transaction of C$204,400.00. In related news, Director Grant Bradley Fagerheim sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total transaction of C$204,400.00. Also, Director Chandra Henry purchased 10,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of C$10.00 per share, for a total transaction of C$100,000.00. 0.83% of the stock is owned by corporate insiders.

About Whitecap Resources

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.