Whitecap Resources (TSE:WCP) had its price objective hoisted by analysts at National Bank Financial from C$8.00 to C$9.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. National Bank Financial’s target price would indicate a potential upside of 77.90% from the stock’s previous close.

Several other brokerages also recently issued reports on WCP. GMP Securities dropped their target price on shares of Whitecap Resources from C$12.50 to C$8.75 in a research note on Thursday, December 13th. Canaccord Genuity decreased their price objective on shares of Whitecap Resources from C$12.00 to C$8.00 in a report on Thursday, January 10th. Eight Capital lowered their price objective on Whitecap Resources from C$10.75 to C$10.25 in a research report on Wednesday, December 19th. Raymond James lowered their price objective on Whitecap Resources from C$9.50 to C$9.00 in a research report on Wednesday, December 19th. Finally, Haywood Securities cut their target price on Whitecap Resources from C$10.50 to C$9.00 in a research note on Thursday, January 17th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Whitecap Resources presently has an average rating of “Buy” and a consensus price target of C$10.91.

Shares of TSE:WCP opened at C$5.34 on Monday. The firm has a market cap of $2.09 billion and a price-to-earnings ratio of 35.60. Whitecap Resources has a 12-month low of C$3.80 and a 12-month high of C$10.36. The company has a debt-to-equity ratio of 38.88, a current ratio of 1.17 and a quick ratio of 0.75.

In related news, Senior Officer Joel Maxwell Armstrong purchased 6,780 shares of the company’s stock in a transaction dated Monday, January 14th. The shares were purchased at an average price of C$4.73 per share, with a total value of C$32,069.40. Following the acquisition, the insider now directly owns 230,612 shares in the company, valued at approximately C$1,090,794.76.

About Whitecap Resources

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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