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

Whitecap Resources stock traded down C$0.23 during midday trading on Monday, hitting C$9.03. 2,899,298 shares of the company's stock were exchanged, compared to its average volume of 4,283,791. 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. The stock has a market cap of C$5.59 billion and a price-to-earnings ratio of 1.99. The firm's 50 day simple moving average is C$9.45 and its 200 day simple moving average is C$9.88.

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. Equities research analysts predict that Whitecap Resources will post 1.7899999 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WCP shares. Haywood Securities reduced their price objective on shares of Whitecap Resources from C$18.00 to C$16.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. TD Securities raised their price objective on shares of 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 raised their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a report on Wednesday, June 8th. ATB Capital raised their price objective on shares of Whitecap Resources from C$15.00 to C$15.50 and gave the company a "na" rating in a report on Wednesday, June 29th. Finally, National Bankshares reduced their price objective on shares of 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. Ten 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, Whitecap Resources presently has a consensus rating of "Buy" and a consensus price target of C$14.32.

Insiders Place Their Bets

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction on Thursday, June 30th. The shares were bought at an average cost of C$9.12 per share, with a total value of C$91,200.00. Following the transaction, the director now owns 2,630,867 shares of the company's stock, valued at approximately C$23,993,507.04. In other news, Senior Officer Joel Maxwell Armstrong bought 30,000 shares of the 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 acquisition, the insider now directly owns 316,998 shares in the company, valued at C$2,891,021.76. Also, Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction dated Thursday, June 30th. The stock was purchased at an average cost of C$9.12 per share, for a total transaction of C$91,200.00. Following the acquisition, the director now owns 2,630,867 shares of the company's stock, valued at C$23,993,507.04. In the last three months, insiders have acquired 50,600 shares of company stock valued at $454,358.