Brokerages Set Whitecap Resources Inc. (TSE:WCP) PT at C$14.33

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$14.50.

A number of research firms have commented on WCP. Capital One Financial raised shares of Whitecap Resources to a “strong-buy” rating in a report on Monday, October 27th. Raymond James Financial boosted their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 23rd. TD Securities upped their price target on Whitecap Resources from C$13.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Scotiabank increased their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Finally, Tudor Pickering raised shares of Whitecap Resources to a “strong-buy” rating in a research note on Wednesday, October 15th.

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$12.54 on Thursday. The stock has a market capitalization of C$15.22 billion, a P/E ratio of 11.10, a P/E/G ratio of -0.33 and a beta of 0.69. Whitecap Resources has a 1-year low of C$6.87 and a 1-year high of C$12.93. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The business has a 50-day moving average price of C$11.66 and a two-hundred day moving average price of C$10.96.

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

About Whitecap Resources

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.