Whitecap Resources (TSE:WCP) PT Raised to C$14.00 at Canaccord Genuity Group

Whitecap Resources (TSE:WCP - Get Free Report) had its price target boosted by equities researchers at Canaccord Genuity Group from C$12.50 to C$14.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 34.74% from the company's previous close.

WCP has been the topic of a number of other reports. CIBC reduced their target price on shares of Whitecap Resources from C$15.00 to C$14.00 and set an "outperform" rating on the stock in a report on Tuesday, January 16th. BMO Capital Markets set a C$13.00 target price on shares of Whitecap Resources and gave the stock an "outperform" rating in a report on Thursday, March 21st. Jefferies Financial Group set a C$11.00 target price on shares of Whitecap Resources and gave the stock a "buy" rating in a report on Tuesday, February 27th. Raymond James reduced their target price on shares of Whitecap Resources from C$15.50 to C$13.00 and set a "strong-buy" rating on the stock in a report on Friday, January 19th. Finally, Stifel Nicolaus boosted their target price on shares of Whitecap Resources from C$12.25 to C$12.75 and gave the stock a "buy" rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$13.27.

Whitecap Resources Price Performance

Shares of WCP traded down C$0.10 during mid-day trading on Wednesday, reaching C$10.39. The company had a trading volume of 1,494,317 shares, compared to its average volume of 2,445,739. The company's 50 day simple moving average is C$9.76 and its 200 day simple moving average is C$9.65. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.91. The company has a debt-to-equity ratio of 25.25, a quick ratio of 0.67 and a current ratio of 0.90. The company has a market capitalization of C$6.21 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported C$0.49 earnings per share for the quarter, topping analysts' consensus estimates of C$0.30 by C$0.19. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. The firm had revenue of C$914.10 million for the quarter. Analysts expect that Whitecap Resources will post 1.2846626 EPS for the current year.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 5,000 shares of the company's stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average price of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is owned by corporate insiders.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.