Whitecap Resources - WCP Stock Forecast, Price & News

Whitecap Resources Inc., oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent. Whitecap Resources Inc. is headquartered in Calgary, Canada.

Whitecap Resources Stock Performance

Shares of WCP Stock traded up C$0.15 during mid-day trading on Friday, hitting C$8.66. 5,967,559 shares of the stock were exchanged, compared to its average volume of 4,332,224. The stock's fifty day simple moving average is C$9.76 and its two-hundred day simple moving average is C$9.85. The stock has a market capitalization of C$5.36 billion and a price-to-earnings ratio of 1.91. Whitecap Resources has a 12-month low of C$4.69 and a 12-month high of C$12.71. The company has a debt-to-equity ratio of 18.80, a quick ratio of 1.02 and a current ratio of 1.05.

Whitecap Resources (TSE:WCP - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported C$0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.52 by C$0.09. The firm had revenue of C$1.35 billion for the quarter. On average, analysts forecast that Whitecap Resources will post 1.7899999 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WCP shares. Haywood Securities reduced their price objective on Whitecap Resources from C$18.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. CIBC increased their target price on Whitecap Resources from C$13.00 to C$14.50 in a report on Thursday, April 14th. ATB Capital increased their target price on Whitecap Resources from C$15.00 to C$15.50 and gave the company a "na" rating in a report on Wednesday, June 29th. National Bankshares dropped their target price on Whitecap Resources from C$22.00 to C$17.50 and set an "outperform" rating on the stock in a report on Monday, July 18th. Finally, TD Securities increased their target price on Whitecap Resources from C$15.00 to C$15.50 and gave the company a "buy" rating in a report on Friday, April 29th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$14.32.

Insider Buying and Selling

In related news, Director Grant Bradley Fagerheim purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 14th. The shares were purchased at an average price of C$7.90 per share, with a total value of C$39,500.00. Following the completion of the acquisition, the director now directly owns 2,660,867 shares in the company, valued at approximately C$21,020,849.30. In related news, Director Mary-Jo Case purchased 8,000 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average price of C$9.95 per share, with a total value of C$79,600.00. Following the completion of the acquisition, the director now directly owns 53,639 shares in the company, valued at approximately C$533,708.05. Also, Director Grant Bradley Fagerheim purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 14th. The shares were bought at an average cost of C$7.90 per share, for a total transaction of C$39,500.00. Following the acquisition, the director now owns 2,660,867 shares of the company's stock, valued at C$21,020,849.30. Insiders have purchased a total of 58,600 shares of company stock valued at $533,958 over the last quarter.