Whitecap Resources (TSE:WCP) Stock Price Expected to Rise, National Bankshares Analyst Says

Key Points

• National Bankshares raised its price target on Whitecap Resources to C$16 from C$15 and retained an outperform rating, implying roughly a 29.8% upside from the stock's last close.
• Analyst sentiment is broadly positive—four Strong Buy, three Buy and one Hold produce a consensus Buy rating with an average target of C$14.50; WCP currently trades at C$12.33 with a market cap of C$14.97B and a P/E of 10.91.

Whitecap Resources (TSE:WCP - Get Free Report) had its price target boosted by equities researchers at National Bankshares from C$15.00 to C$16.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price target suggests a potential upside of 29.76% from the stock's previous close.

A number of other equities research analysts have also recently commented on WCP. Capital One Financial upgraded shares of Whitecap Resources to a "strong-buy" rating in a research report on Monday, October 27th. Scotiabank increased their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a "hold" rating in a report on Tuesday, January 20th. Raymond James Financial raised their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the company a "strong-buy" rating in a report on Thursday, October 23rd. Desjardins upped their target price on Whitecap Resources from C$13.50 to C$14.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Finally, Tudor Pickering upgraded Whitecap Resources to a "strong-buy" rating in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Whitecap Resources presently has a consensus rating of "Buy" and a consensus price target of C$14.50.

Whitecap Resources Stock Performance

Shares of WCP stock traded up C$0.12 during trading on Tuesday, reaching C$12.33. 3,320,430 shares of the company's stock were exchanged, compared to its average volume of 6,066,583. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$12.93. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The firm's fifty day moving average price is C$11.63 and its 200-day moving average price is C$10.93. The stock has a market capitalization of C$14.97 billion, a PE ratio of 10.91, a PEG ratio of -0.33 and a beta of 0.62.

Whitecap Resources (TSE:WCP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.17 earnings per share for the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%.The firm had revenue of C$1.55 billion during the quarter. As a group, sell-side analysts anticipate that Whitecap Resources will post 1.1226131 EPS for the current year.

About Whitecap Resources

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. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.

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