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

Whitecap Resources (TSE:WCP) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a C$13.00 price objective on the stock. Raymond James’ price target points to a potential upside of 58.73% from the company’s previous close.

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

Whitecap Resources Stock Up 2.5 %

Shares of TSE:WCP traded up C$0.20 during trading on Tuesday, hitting C$8.19. The company’s stock had a trading volume of 10,102,226 shares, compared to its average volume of 2,940,685. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The stock’s 50-day moving average price is C$9.88 and its two-hundred day moving average price is C$10.13. The company has a market capitalization of C$4.78 billion, a PE ratio of 5.53, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a fifty-two week low of C$7.88 and a fifty-two week high of C$11.31.

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.