Whitecap Resources (TSE:WCP) Raised to Outperform at Raymond James

Whitecap Resources (TSE:WCP) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a report released on Tuesday,BayStreet.CA reports. The firm presently has a C$13.00 target price on the stock. Raymond James’ price target suggests a potential upside of 58.73% from the company’s current price.

A number of other research analysts also recently weighed in on WCP. National Bankshares cut their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Desjardins dropped their price objective on shares of Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Tuesday. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Whitecap Resources has an average rating of “Buy” and an average price target of C$13.52.

Whitecap Resources Stock Up 2.5 %

Shares of WCP stock traded up C$0.20 during trading on Tuesday, hitting C$8.19. 10,102,226 shares of the company were exchanged, compared to its average volume of 2,940,685. The business’s 50-day simple moving average is C$9.88 and its 200 day simple moving average is C$10.13. The firm has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a twelve month low of C$7.88 and a twelve month high of C$11.31. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

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.