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 Price Performance

WCP Stock traded down C$0.13 during midday trading on Friday, reaching C$9.16. 185,535 shares of the stock were exchanged, compared to its average volume of 4,224,958. Whitecap Resources has a 52 week low of C$4.78 and a 52 week high of C$12.71. The company has a fifty day moving average price of C$9.25 and a 200 day moving average price of C$9.87. 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 stock has a market capitalization of C$5.67 billion and a PE ratio of 2.05.

Whitecap Resources (TSE:WCP - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.52 by C$0.09. The firm had revenue of C$1.35 billion during the quarter. As a group, analysts expect that Whitecap Resources will post 1.821951 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Whitecap Resources from C$16.00 to C$14.00 in a research note on Friday, July 29th. National Bankshares decreased 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. Scotiabank lifted their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Wednesday, June 8th. Haywood Securities cut their target price on shares of Whitecap Resources from C$18.00 to C$16.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Finally, ATB Capital raised their price objective on shares of Whitecap Resources from C$15.00 to C$15.50 and gave the stock a "na" rating in a research report on Wednesday, June 29th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Whitecap Resources has a consensus rating of "Buy" and a consensus price target of C$14.32.

Insiders Place Their Bets

In related news, Director Grant Bradley Fagerheim acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 14th. The shares were bought at an average cost of C$7.90 per share, with a total value of C$39,500.00. Following the completion of the purchase, the director now directly owns 2,660,867 shares in the company, valued at C$21,020,849.30. In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 5,450 shares of the stock in a transaction dated Tuesday, August 16th. The stock was purchased at an average cost of C$8.80 per share, with a total value of C$47,960.00. Following the transaction, the insider now owns 596,438 shares in the company, valued at approximately C$5,248,654.40. Also, Director Grant Bradley Fagerheim bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 14th. The shares were acquired at an average price of C$7.90 per share, for a total transaction of C$39,500.00. Following the transaction, the director now owns 2,660,867 shares in the company, valued at C$21,020,849.30. In the last three months, insiders have purchased 60,450 shares of company stock valued at $540,310.