Whitecap Resources (TSE:WCP) Raised to Strong-Buy at Scotiabank

Key Points

• Scotiabank upgraded Whitecap Resources to "strong-buy", joining several other firms that raised ratings and price targets (e.g., RBC and National Bank to C$16), leaving the stock with an average analyst rating of "Buy" and an average target price of C$15.15.
• Current trading and recent results: TSE:WCP opened at C$14.93 (1‑yr range C$6.87–C$15.11) with a market cap of C$18.12B and a P/E of 15.08; last quarter EPS was C$0.26 on C$1.51B revenue, with an 18.38% net margin and 10.14% ROE.

Whitecap Resources (TSE:WCP - Get Free Report) was upgraded by stock analysts at Scotiabank from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Whitecap Resources from C$14.00 to C$16.00 and gave the stock an "outperform" rating in a report on Wednesday, February 25th. National Bank Financial increased their target price on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. ATB Cormark Capital Markets lifted their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a "moderate buy" rating in a research report on Tuesday, February 24th. Canaccord Genuity Group boosted their price target on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Finally, TD Securities upped their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the stock a "buy" rating in a report on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, Whitecap Resources presently has an average rating of "Buy" and an average target price of C$15.15.

Whitecap Resources Trading Down 0.5%

TSE:WCP opened at C$14.93 on Thursday. Whitecap Resources has a 1 year low of C$6.87 and a 1 year high of C$15.11. The company has a debt-to-equity ratio of 40.03, a quick ratio of 0.67 and a current ratio of 0.68. The stock has a fifty day moving average price of C$13.07 and a two-hundred day moving average price of C$11.71. The stock has a market capitalization of C$18.12 billion, a price-to-earnings ratio of 15.08, a PEG ratio of -0.33 and a beta of 0.67.

Whitecap Resources (TSE:WCP - Get Free Report) last issued its earnings results on Monday, February 23rd. The company reported C$0.26 EPS for the quarter. The company had revenue of C$1.51 billion for the quarter. Whitecap Resources had a net margin of 18.38% and a return on equity of 10.14%. As a group, sell-side analysts anticipate that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.

About Whitecap Resources

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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