Whitecap Resources (TSE:WCP - Get Free Report) was upgraded by Raymond James Financial from a "moderate buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a C$13.00 target price on the stock, up from their prior target price of C$12.00. Raymond James Financial's price target indicates a potential upside of 39.63% from the company's previous close.
A number of other research firms have also recently commented on WCP. Scotiabank upgraded Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 target price on the stock in a research report on Thursday, May 22nd. Desjardins downgraded Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. National Bank Financial raised Whitecap Resources to a "strong-buy" rating in a report on Monday, May 12th. CIBC cut their price objective on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Finally, National Bankshares upped their target price on Whitecap Resources from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$13.00.
View Our Latest Stock Report on Whitecap Resources
Whitecap Resources Stock Performance
Whitecap Resources stock traded up C$0.07 during mid-day trading on Thursday, hitting C$9.31. The company had a trading volume of 2,643,969 shares, compared to its average volume of 6,117,182. The company has a market capitalization of C$5.44 billion, a price-to-earnings ratio of 6.28, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 12-month low of C$6.87 and a 12-month high of C$11.31. The company's fifty day moving average is C$8.73 and its 200-day moving average is C$9.13. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58.
Insider Buying and Selling at Whitecap Resources
In related news, insider Whitecap Resources Inc. sold 619,983 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of C$8.72, for a total value of C$5,406,251.76. Also, Director Bradley John Wall acquired 11,500 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was purchased at an average price of C$8.77 per share, for a total transaction of C$100,855.00. Insiders bought 65,000 shares of company stock valued at $529,430 over the last quarter. 0.84% of the stock is currently owned by insiders.
About Whitecap Resources
(
Get Free Report)
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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