Whitecap Resources (TSE:WCP) Price Target Cut to C$11.00 by Analysts at Jefferies Financial Group

Whitecap Resources (TSE:WCP) had its price target reduced by investment analysts at Jefferies Financial Group from C$12.00 to C$11.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 8.70% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Scotiabank boosted their price target on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. Royal Bank of Canada raised shares of Whitecap Resources to a “moderate buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$13.61.

Whitecap Resources Price Performance

TSE:WCP traded up C$0.16 during mid-day trading on Monday, hitting C$10.12. 1,225,546 shares of the company’s stock traded hands, compared to its average volume of 2,189,364. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The company has a market cap of C$6.06 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of -0.33 and a beta of 2.69. The firm’s 50 day simple moving average is C$10.16 and its 200 day simple moving average is C$10.18. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.91.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. The business had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$946.00 million. Sell-side analysts expect that Whitecap Resources will post 1.001005 EPS for the current year.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. In related news, Director Chandra Henry purchased 10,000 shares of Whitecap Resources stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of C$10.00 per share, with a total value of C$100,000.00. Also, Director Grant Bradley Fagerheim sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. 0.83% of the stock is owned by insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.