Shares of Whitecap Resources Inc. (TSE:WCP – Get Rating) were down 2.3% in Friday’s session. The stock traded as low as C$10.14 and last traded at C$10.15. About 824,952 shares changed hands during trading, down 80% from the average daily volume of 4,208,997 shares. The stock had previously closed at C$10.39.
WCP has been the subject of several research analyst reports. Royal Bank of Canada raised its price target on Whitecap Resources shares from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a Friday 29 research note. april. National Bankshares lowered its price target on shares of Whitecap Resources from C$17.50 to C$16.00 in a Thursday, April 14 research note. CIBC raised its price target on shares of Whitecap Resources from C$13.00 to C$14.50 in a Thursday, April 14 research note. BMO Capital Markets raised its price target on shares of Whitecap Resources from C$12.00 to C$15.00 in a Monday, March 14 research note. Finally, Haywood Securities raised its price target on Whitecap Resources shares from C$12.00 to C$14.00 and gave the stock a “buy” rating in a Wednesday 6 research note. april. Eleven analysts gave the stock a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat.com, the stock has a consensus buy rating and a consensus target price of C$13.54.
The stock has a market capitalization of C$6.01 billion and a P/E ratio of 2.72. The company has a 50-day moving average of C$10.79 and a 200-day moving average of C$9.48. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt ratio of 24.68.
Whitecap Resources (TSE:WCP – Get Rating) last released its results on Thursday, April 28. The company reported EPS of C$0.24 for the quarter, missing the consensus estimate of C$0.45 by C$0.21. The company had revenue of C$1.06 billion in the quarter. Analysts expect Whitecap Resources Inc. to post EPS of 1.5870712 for the current fiscal year.
Separately, director Mary-Jo Case acquired 8,000 shares of the company in a transaction on Monday, May 9. The stock was purchased at an average cost of CA$9.95 per share, with a total value of CA$79,600.00. Following the completion of the acquisition, the administrator now owns 53,639 shares of the company, valued at C$533,708.05. Additionally, Grant manager Bradley Fagerheim acquired 10,000 shares of the company in a transaction on Wednesday, May 4. The shares were purchased at an average cost of CA$10.78 per share, with a total value of CA$107,800.00. Following the completion of the acquisition, the administrator now owns 2,600,267 shares of the company, valued at approximately C$28,030,878.26. Over the past three months, insiders have acquired 18,600 shares of the company valued at $193,358.
About Whitecap Resources (TSE:WCP)
Whitecap Resources Inc, an oil and gas company, acquires and develops oil and 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 total proven and probable reserves of 701,829 thousand barrels of oil equivalent.
Receive daily news and reviews for Whitecap Resources – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Whitecap Resources and related companies with MarketBeat.com’s free daily email newsletter.