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 Trading Up 1.9 %

WCP Stock traded up C$0.17 during midday trading on Wednesday, reaching C$8.95. The company has a debt-to-equity ratio of 18.80, a current ratio of 1.05 and a quick ratio of 1.02. The business has a 50 day moving average of C$9.38 and a 200 day moving average of C$9.87. Whitecap Resources has a 1-year low of C$4.69 and a 1-year high of C$12.71. The stock has a market cap of C$5.54 billion and a PE ratio of 1.98.

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 business had revenue of C$1.35 billion for the quarter. On average, equities analysts forecast that Whitecap Resources will post 1.821951 EPS for the current fiscal year.

Analyst Ratings Changes

WCP has been the topic of a number of analyst reports. BMO Capital Markets dropped their target price on Whitecap Resources from C$16.00 to C$14.00 in a research report on Friday, July 29th. National Bankshares lowered their price objective on Whitecap Resources from C$22.00 to C$17.50 and set an "outperform" rating for the company in a report on Monday, July 18th. TD Securities boosted their price objective 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. Scotiabank boosted their price objective on Whitecap Resources from C$12.00 to C$13.00 in a report on Wednesday, June 8th. Finally, Royal Bank of Canada boosted their price objective on Whitecap Resources from C$14.00 to C$16.00 and gave the company an "outperform" rating in a report on Thursday, June 30th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Whitecap Resources currently has an average rating of "Buy" and an average target price of C$14.32.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock in a transaction dated Thursday, June 30th. The stock was acquired at an average cost of C$9.12 per share, for a total transaction of C$91,200.00. Following the completion of the transaction, the director now owns 2,630,867 shares in the company, valued at approximately C$23,993,507.04. In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock in a transaction dated Thursday, June 30th. The stock was acquired at an average cost of C$9.12 per share, for a total transaction of C$91,200.00. Following the completion of the transaction, the director now owns 2,630,867 shares in the company, valued at approximately C$23,993,507.04. Also, Senior Officer Joel Maxwell Armstrong acquired 30,000 shares of Whitecap Resources stock in a transaction dated Thursday, June 30th. The shares were acquired at an average price of C$9.12 per share, with a total value of C$273,600.00. Following the completion of the transaction, the insider now owns 316,998 shares of the company's stock, valued at approximately C$2,891,021.76. Over the last three months, insiders acquired 61,050 shares of company stock worth $546,268.