Whitecap Resources (TSE:WCP) Given a C$15.00 Price Target at National Bankshares

Whitecap Resources (TSE:WCP) has been given a C$15.00 target price by National Bankshares in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 29.65% from the stock’s previous close.

WCP has been the subject of several other research reports. Scotiabank increased their target price on shares of Whitecap Resources from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Capital One Financial upgraded shares of Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. Tudor Pickering upgraded Whitecap Resources to a “strong-buy” rating in a report on Wednesday, October 15th. Desjardins lifted their target price on Whitecap Resources from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, TD Securities upped their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Whitecap Resources has an average rating of “Buy” and a consensus price target of C$14.08.

Whitecap Resources Stock Up 1.0%

Shares of TSE:WCP traded up C$0.12 during mid-day trading on Wednesday, reaching C$11.57. 1,531,920 shares of the stock were exchanged, compared to its average volume of 6,059,453. The stock’s 50 day simple moving average is C$10.80 and its 200-day simple moving average is C$10.04. Whitecap Resources has a one year low of C$6.87 and a one year high of C$11.91. The company has a market cap of C$14.05 billion, a P/E ratio of 10.24, a P/E/G ratio of -0.33 and a beta of 0.50. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58.

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

Insider Buying and Selling

In related news, Director Grant Bradley Fagerheim acquired 15,000 shares of Whitecap Resources stock in a transaction on Friday, October 10th. The stock was purchased at an average cost of C$10.60 per share, with a total value of C$159,000.00. Following the completion of the transaction, the director directly owned 3,220,745 shares in the company, valued at C$34,139,897. This trade represents a 0.47% increase in their position. 0.84% of the stock is currently owned by company insiders.

Whitecap Resources Company Profile

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.