Whitecap Resources (WCP) Given New C$13.50 Price Target at Cormark

Whitecap Resources (TSE:WCP) had its price objective cut by Cormark from C$13.75 to C$13.50 in a report published on Tuesday morning.

A number of other research analysts have also recently weighed in on WCP. Raymond James lifted their price objective on shares of Whitecap Resources from C$13.50 to C$14.00 in a report on Thursday, July 5th. National Bank Financial lifted their price objective on shares of Whitecap Resources from C$14.50 to C$16.00 and gave the company a c$9.00 rating in a report on Wednesday, July 18th. Finally, CIBC lifted their price objective on shares of Whitecap Resources from C$12.50 to C$12.75 in a report on Friday, July 20th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Whitecap Resources presently has an average rating of Buy and a consensus price target of C$13.35.

Shares of WCP stock opened at C$7.24 on Tuesday. Whitecap Resources has a fifty-two week low of C$7.15 and a fifty-two week high of C$10.36.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, August 1st. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.12). The business had revenue of C$436.24 million during the quarter, compared to analyst estimates of C$345.60 million. Whitecap Resources had a net margin of 1.91% and a return on equity of 0.46%.

In other news, Director Grant Bradley Fagerheim purchased 20,000 shares of the stock in a transaction on Friday, August 31st. The stock was bought at an average price of C$8.13 per share, for a total transaction of C$162,600.00. Insiders purchased 33,690 shares of company stock valued at $279,085 in the last 90 days.

Whitecap Resources Company Profile

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.

See Also: Beta

Analyst Recommendations for Whitecap Resources (TSE:WCP)

Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply