Whitecap Resources Inc. (TSE:WCP) Stock Has Consensus Price Target of C$20.50

Key Points

• Whitecap Resources has a consensus “Buy” rating from 11 analysts, with ten recommending buy and one strong buy. The average 12-month price target is C$20.50.
• Several firms recently raised their targets, including Canaccord Genuity to C$23.50, Desjardins to C$24.00, and ATB Cormark to C$23.00.
• Shares opened at C$19.62, near their 12-month high of C$20.79. In its latest quarter, Whitecap reported C$0.27 EPS and C$2.14 billion in revenue.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) has earned an average rating of "Buy" from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$20.50.

A number of research firms recently commented on WCP. Canaccord Genuity Group lifted their target price on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a "buy" rating in a research note on Thursday. TD upped their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a "buy" rating in a research note on Friday, September 11th. ATB Cormark Capital Markets raised their price target on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an "outperform" rating in a report on Thursday, October 22nd. Royal Bank Of Canada raised their price target on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Wednesday, October 21st. Finally, Desjardins lifted their price objective on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research note on Tuesday, October 20th.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock opened at C$19.62 on Friday. The firm has a market cap of C$23.87 billion, a P/E ratio of 15.45, a P/E/G ratio of -0.33 and a beta of 0.29. The company has a current ratio of 0.60, a quick ratio of 0.67 and a debt-to-equity ratio of 23.99. Whitecap Resources has a 12 month low of C$10.18 and a 12 month high of C$20.79. The stock's fifty day moving average price is C$18.74 and its 200-day moving average price is C$15.91.

Whitecap Resources (TSE:WCP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$0.27 EPS for the quarter. The company had revenue of C$2.14 billion during the quarter. Whitecap Resources had a net margin of 19.74% and a return on equity of 13.77%. On average, equities research analysts expect that Whitecap Resources will post 1.12 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.