Whitecap Resources (TSE:WCP - Get Free Report) was downgraded by stock analysts at Desjardins from a "moderate buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.
WCP has been the topic of several other research reports. Scotiabank raised Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price target on the stock in a research note on Thursday, May 22nd. National Bankshares lifted their price objective on Whitecap Resources from C$14.50 to C$15.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. National Bank Financial raised shares of Whitecap Resources to a "strong-buy" rating in a report on Monday, May 12th. Raymond James increased their target price on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, CIBC cut their price target on shares of Whitecap Resources from C$14.50 to C$13.00 in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Whitecap Resources has an average rating of "Buy" and a consensus price target of C$12.88.
View Our Latest Research Report on Whitecap Resources
Whitecap Resources Stock Performance
Shares of TSE WCP traded up C$0.01 during trading hours on Tuesday, reaching C$8.69. The stock had a trading volume of 4,731,069 shares, compared to its average volume of 6,093,887. The company has a market cap of C$5.07 billion, a price-to-earnings ratio of 5.86, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$11.31. The business's fifty day moving average is C$8.24 and its two-hundred day moving average is C$9.26. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.
Insider Activity
In related news, Senior Officer Thanh Chan Kang acquired 9,720 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of C$8.43 per share, with a total value of C$81,939.60. Also, insider Whitecap Resources Inc. sold 619,983 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of C$8.72, for a total value of C$5,406,251.76. Insiders have purchased 153,120 shares of company stock valued at $1,293,066 over the last three months. 0.84% of the stock is owned by insiders.
About Whitecap Resources
(
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Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets.
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