Whitecap Resources (TSE:WCP) had its price target dropped by equities research analysts at TD Securities from C$14.00 to C$11.00 in a report released on Friday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 76.00% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Raymond James raised their target price on Whitecap Resources from C$13.50 to C$14.00 in a research note on Thursday, July 5th. Canaccord Genuity decreased their target price on Whitecap Resources from C$13.00 to C$12.00 in a research note on Tuesday, October 16th. Cormark decreased their target price on Whitecap Resources from C$13.75 to C$13.50 in a research note on Tuesday, October 9th. CIBC raised their target price on Whitecap Resources from C$12.50 to C$12.75 in a research note on Friday, July 20th. Finally, National Bank Financial raised their target price on Whitecap Resources from C$14.50 to C$16.00 and gave the stock a “c$9.00” rating in a research note on Wednesday, July 18th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$13.10.
Shares of WCP opened at C$6.25 on Friday. Whitecap Resources has a 1 year low of C$6.02 and a 1 year high of C$10.36.
Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, August 1st. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.11 by C($0.12). The firm had revenue of C$436.24 million during the quarter, compared to the consensus estimate of C$345.60 million.
In other news, insider Darin Roy Dunlop acquired 9,100 shares of Whitecap Resources stock in a transaction on Thursday, October 18th. The stock was purchased at an average price of C$6.82 per share, with a total value of C$62,062.00. Also, insider David Michael Mombourquette acquired 15,000 shares of Whitecap Resources stock in a transaction on Tuesday, October 16th. The stock was purchased at an average cost of C$7.01 per share, with a total value of C$105,150.00. Insiders have purchased 50,790 shares of company stock valued at $378,287 in the last ninety days.
About Whitecap Resources
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.
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