Royal Bank of Canada Cuts Whitecap Resources (WCP) Price Target to C$10.00

Whitecap Resources (TSE:WCP) had its price target cut by Royal Bank of Canada from C$13.00 to C$10.00 in a research report report published on Tuesday.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets reissued an outperform rating and issued a C$13.00 price target on shares of Whitecap Resources in a report on Wednesday, December 19th. TD Securities cut their price target on Whitecap Resources from C$14.00 to C$11.00 and set a buy rating for the company in a report on Friday, November 2nd. Canaccord Genuity cut their price target on Whitecap Resources from C$13.00 to C$12.00 in a report on Tuesday, October 16th. National Bank Financial cut their price target on Whitecap Resources from C$16.00 to C$8.50 and set an outperform rating for the company in a report on Monday, December 10th. Finally, Raymond James reissued a strong-buy rating and issued a C$13.25 price target on shares of Whitecap Resources in a report on Friday, November 2nd. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$11.02.

WCP opened at C$4.78 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 37.75. Whitecap Resources has a one year low of C$3.80 and a one year high of C$10.36.

Whitecap Resources (TSE:WCP) last posted its earnings results on Thursday, November 1st. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$445.65 million for the quarter. Sell-side analysts expect that Whitecap Resources will post 0.410000023755366 earnings per share for the current year.

In other Whitecap Resources news, insider Jeffery Byron Zdunich bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average cost of C$5.11 per share, for a total transaction of C$25,550.00. Also, insider David Michael Mombourquette bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The stock was acquired at an average price of C$7.01 per share, with a total value of C$105,150.00. Insiders purchased 42,047 shares of company stock valued at $277,113 over the last quarter.

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.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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