Whitecap Resources (TSE:WCP) Stock Price Target Raised at National Bank Financial

Key Points

• National Bank Financial raised Whitecap Resources’ price target to C$28.00 from C$27.00 and maintained an “outperform” rating, implying 39.17% upside from the prior close.
• Analyst sentiment remains positive: Whitecap has an average “Buy” rating and a consensus price target of C$19.18, with two analysts rating it “Strong Buy” and ten rating it “Buy.”
• Shares fell 0.7% to C$20.12 in Tuesday trading, near the company’s 52-week high of C$20.53; Whitecap most recently reported quarterly revenue of C$2.35 billion and EPS of C$0.73.

Whitecap Resources (TSE:WCP - Get Free Report) had its price objective hoisted by research analysts at National Bank Financial from C$27.00 to C$28.00 in a report released on Tuesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 39.17% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a "buy" rating in a report on Friday, July 17th. TD raised their price objective on Whitecap Resources from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of C$19.18.

Whitecap Resources Trading Down 0.7%

Whitecap Resources stock traded down C$0.14 during mid-day trading on Tuesday, hitting C$20.12. The company's stock had a trading volume of 3,493,292 shares, compared to its average volume of 6,136,864. The stock's fifty day moving average is C$18.26 and its two-hundred day moving average is C$16.60. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14. The firm has a market capitalization of C$24.46 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29. Whitecap Resources has a 1 year low of C$10.08 and a 1 year high of C$20.53.

Whitecap Resources (TSE:WCP - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.73 EPS for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. The company had revenue of C$2.35 billion for the quarter. On average, analysts anticipate that Whitecap Resources will post 1.12 EPS for the current year.

Whitecap Resources Company Profile

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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