Whitecap Resources (TSE:WCP) Share price down 2.3%


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.

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Eleanor C. William