Whitecap Resources (TSE:WCP) had its target price trimmed by Raymond James from C$8.75 to C$6.50 in a research note released on Thursday, BayStreet.CA reports.
Several other research firms also recently weighed in on WCP. Canaccord Genuity reissued a buy rating and issued a $7.50 price objective on shares of in a report on Tuesday, July 9th. National Bank Financial decreased their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Finally, BMO Capital Markets reissued a hold rating and issued a $9.50 price objective on shares of Vicon Industries in a report on Friday, June 14th.
Shares of WCP opened at C$4.44 on Thursday. The company has a 50 day simple moving average of C$4.35. The company has a debt-to-equity ratio of 42.76, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $1.81 billion and a P/E ratio of 105.71. Whitecap Resources has a 52-week low of C$3.80 and a 52-week high of C$9.31.
Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C($0.13) earnings per share (EPS) for the quarter. The company had revenue of C$354.86 million during the quarter. On average, equities research analysts predict that Whitecap Resources will post 0.44 EPS for the current fiscal year.
In related news, Senior Officer Thanh Chan Kang purchased 50,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average price of C$4.00 per share, for a total transaction of C$200,000.00. Following the completion of the purchase, the insider now directly owns 555,728 shares of the company’s stock, valued at C$2,222,912. Also, Director Grant Bradley Fagerheim purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were bought at an average price of C$5.54 per share, with a total value of C$27,699.00. Following the purchase, the director now directly owns 682,925 shares of the company’s stock, valued at C$3,783,267.92. Insiders bought 77,420 shares of company stock valued at $326,971 over the last three months.
About Whitecap Resources
Whitecap Resources Inc acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan. Whitecap Resources Inc is headquartered in Calgary, Canada.
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