National Bankshares Lowers Whitecap Resources (TSE:WCP) Price Target to C$14.50

Whitecap Resources (TSE:WCP) had its price objective cut by National Bankshares from C$15.00 to C$14.50 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 47.81% from the stock’s current price.

Several other equities research analysts have also issued reports on WCP. Canaccord Genuity Group decreased their price target on shares of Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. Raymond James raised Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Desjardins boosted their price objective on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, ATB Capital lowered their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.68.

Whitecap Resources Trading Up 0.2 %

Shares of TSE:WCP traded up C$0.02 during midday trading on Thursday, hitting C$9.81. 517,796 shares of the stock were exchanged, compared to its average volume of 2,056,958. The business’s 50-day moving average price is C$10.09 and its 200 day moving average price is C$10.24. 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 stock has a market capitalization of C$5.88 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 12 month low of C$8.15 and a 12 month high of C$11.31.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of C$10.48 per share, with a total value of C$104,800.00. 0.84% of the stock is owned by company 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.