Raymond James cuts the target price for Whitecap Resources (TSE:WCP) to C$16.00.
According to information provided by BayStreet.CA, investment analysts working for Raymond James on Friday lowered Whitecap Resources (TSE: WCP-Get Rating) price target, which had previously been set at C$17.00. The new price target for Whitecap Resources is C$16.00. When placed next to the current stock price, Raymond James’ price target suggests a 65.29% increase in potential earnings.
Reports on the WCP have also been written and distributed by several additional research companies. You can view these reports by clicking here. In a report released on Thursday, September 29, Stifel Nicolaus stated his intention to lower his price target for Whitecap Resources from C$14.75 to C$13.50. BMO Capital Markets announced in a research note released Friday, July 29 that it would lower its price target on Whitecap Resources from C$16.00 to C$14.00. Additionally, in a research report released Thursday, August 25, Canaccord Genuity Group assigned Whitecap Resources a “buy” rating and set a price target of C$15.50 for the company. The stock of the company was the subject of the study. In a research note posted online, Whitecap Resources’ share price target was lowered by National Bankshares on Friday, September 30. The new price target is CA$15.50 per share, down from the previous price target of CA$17.50 per share. ATB Capital has upgraded Whitecap Resources from a ‘na’ to a ‘buy’ rating and set a target price of C$15.00 for the company in a research report released on Wednesday, June 29. One of the researchers strongly recommended buying the stock. , which eleven different research scholars have recommended. According to MarketBeat, the stock has an average rating of “Buy”. The website also states that its price target is C$14.16.
On Friday, the price of a share of WCP fell C$0.35, taking it to a new low of C$9.68. This drop occurred during trading. The company’s stock trading volume was 1,466,288 shares, significantly lower than its typical volume of 4,024,885 shares. Over the past year, Whitecap Resources has seen prices as low as $6.36 and as high as $12.71. This price range is known as the 52 week price range. This particular company has a debt ratio of 18.80. With a moving average of 50 days, the debt ratio stands at 9.28 Canadian dollars; with a moving average of 200 days, it stands at 9.81 Canadian dollars; and the quick ratio comes to 1.02. The company’s price-to-earnings ratio is 2.14 and its market value is currently C$5.99 billion.
Whitecap Resources (TSE: WCP-Get Rating) released its latest financial results to the stock market on Thursday, July 28. Earnings per share (EPS) for the quarter reported by the company was C$0.61, $0.09 higher than market analysts’ estimate of $0.52 CA per share. The company generated revenues totaling C$1.35 billion during the reporting period. According to the projections made by sell-side analysts, Whitecap Resources is expected to have a profit of $1.88 per share in 2018, according to the projections made by sell-side analysts.
In related news, senior officer Thanh Chan Kang purchased 5,450 shares of the company on August 16. This transaction is relevant to the discussion because it relates to the topic. It was acquired for a total share value equal to CA$47,960.00, which equates to an average price of CA$8.80 per share. As a direct result of the successful acquisition, the insider now owns 596,438 shares of the company. The market price for these shares is currently C$5,248,654.40. On August 16, 2018, senior officer Thanh Chan Kang purchased 5,450 shares of Whitecap Resources. The transaction took place that day. It costs a total of C$47,960.00 to buy the shares, which works out to an average price of C$8.80 per share. The total cost of the transaction was in Canadian dollars. As a direct result of the purchase, the insider now directly owns 596,438 shares of the company. The value of these shares amounts to 5,248,654.40 Canadian dollars. On August 16, Grant Bradley Fagerheim, also a director of the company, purchased 5,000 shares of the company. The transaction took place the same day. It was acquired by paying a total of $43,950.00 in shares, which totals an average price of $8.79 per share. The stock has been purchased. As a result of the acquisition, the administrator now owns a total of 2,670,867 shares, each of which has a market value of C$23,476,920.93. Over the past three months, company insiders have purchased 30,450 shares of the company for $263,210.
Whitecap Resources Inc. is a Canada-based oil and gas company that purchases assets to develop those assets for oil and gas extraction. The vast majority of its holdings are concentrated in the following geographic regions: West Central Alberta; British Columbia; southeast Saskatchewan; west-central Saskatchewan; and southwestern Saskatchewan, respectively. It had probable reserves totaling 701,829,00 barrels of oil as of February 14, 2022. These reserves were calculated as of that date.