Raymond James Lowers Whitecap Resources (TSE:WCP) Price Target to C$6.50
Whitecap Resources (TSE:WCP) had its price objective reduced by equities research analysts at Raymond James from C$8.75 to C$6.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 46.40% from the company’s current price.
Other analysts have also issued research reports about the company. Canaccord Genuity restated a “buy” rating and set a $7.50 price target on shares of in a report on Tuesday. BMO Capital Markets restated a “hold” rating and set a $9.50 price target on shares of Vicon Industries in a report on Friday, June 14th. Finally, National Bank Financial decreased their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th.
TSE WCP opened at C$4.44 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 42.76. The company has a market cap of $1.81 billion and a P/E ratio of 105.71. Whitecap Resources has a one year low of C$3.80 and a one year high of C$9.47. The firm’s 50 day moving average price is C$4.35.
In other Whitecap Resources news, Senior Officer Thanh Chan Kang bought 5,520 shares of Whitecap Resources stock in a transaction on Monday, May 6th. The shares were acquired at an average price of C$5.08 per share, for a total transaction of C$28,041.60. Following the completion of the purchase, the insider now directly owns 502,868 shares in the company, valued at approximately C$2,554,569.44. Also, Director Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock in a transaction on Wednesday, April 17th. The stock was acquired at an average price of C$5.54 per share, for a total transaction of C$27,699.00. Following the purchase, the director now owns 682,925 shares of the company’s stock, valued at C$3,783,267.92. Insiders have purchased a total of 77,420 shares of company stock worth $326,971 in the last 90 days.
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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