Desjardins Issues Positive Forecast for Whitecap Resources (TSE:WCP) Stock Price

Whitecap Resources (TSE:WCPGet Free Report) had its price objective lifted by analysts at Desjardins from C$14.00 to C$15.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 11.86% from the stock’s current price.

A number of other research firms have also commented on WCP. ATB Cormark Capital Markets lifted their price objective on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “moderate buy” rating in a research note on Tuesday. Royal Bank Of Canada upped their price objective on Whitecap Resources from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday. Scotiabank increased their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Raymond James Financial lowered Whitecap Resources from a “strong-buy” rating to a “moderate buy” rating and boosted their target price for the company from C$15.00 to C$16.00 in a report on Tuesday. Finally, Canaccord Genuity Group upped their price target on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$15.15.

View Our Latest Stock Report on WCP

Whitecap Resources Stock Performance

Shares of WCP stock traded down C$0.18 during trading hours on Wednesday, hitting C$13.41. The stock had a trading volume of 3,259,082 shares, compared to its average volume of 6,070,825. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The firm has a market capitalization of C$16.28 billion, a PE ratio of 11.87, a PEG ratio of -0.33 and a beta of 0.69. The stock’s 50 day moving average is C$12.09 and its 200 day moving average is C$11.24. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$13.98.

Whitecap Resources News Summary

Here are the key news stories impacting Whitecap Resources this week:

Whitecap Resources Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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