Whitecap Resources Inc Expected to Post Q2 2019 Earnings of $0.09 Per Share (TSE:WCP)

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Whitecap Resources Inc (TSE:WCP) – Research analysts at Cormark issued their Q2 2019 EPS estimates for shares of Whitecap Resources in a research report issued on Thursday, July 11th. Cormark analyst A. Arif expects that the company will post earnings per share of $0.09 for the quarter. Cormark also issued estimates for Whitecap Resources’ Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.07 EPS, Q1 2020 earnings at $0.06 EPS, Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.06 EPS and Q4 2020 earnings at $0.04 EPS.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C($0.13) EPS for the quarter. The business had revenue of C$354.86 million during the quarter.

WCP has been the subject of several other research reports. National Bank Financial lowered their price target 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. Raymond James restated a “hold” rating on shares of PrairieSky Royalty in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and set a $7.50 target price on shares of in a report on Tuesday, July 9th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $9.50 target price on shares of Vicon Industries in a report on Friday, June 14th.

WCP opened at C$4.44 on Friday. 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 stock has a market cap of $1.81 billion and a PE ratio of 105.71. The company has a 50-day simple moving average of C$4.35. Whitecap Resources has a 12 month low of C$3.80 and a 12 month high of C$9.31.

In related news, Senior Officer Thanh Chan Kang purchased 5,520 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was purchased at an average price of C$5.08 per share, for a total transaction of C$28,041.60. Following the acquisition, the insider now directly owns 502,868 shares in the company, valued at C$2,554,569.44. Also, Director Grant Bradley Fagerheim purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was bought at an average price of C$5.54 per share, with a total value of C$27,699.00. Following the acquisition, the director now owns 682,925 shares in the company, valued at C$3,783,267.92. Insiders have bought a total of 77,420 shares of company stock valued at $326,971 in the last quarter.

Whitecap Resources Company Profile

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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Earnings History and Estimates for Whitecap Resources (TSE:WCP)

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