Whitecap Resources Inc reports results for the quarter ended March 31 - Earnings Summary

• Whitecap Resources Inc WCP.TO reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of two analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 31 cents to 31 cents per share.

• Revenue rose 8.6% to C$855.20 million from a year ago; analysts expected C$734.00 million.

• Whitecap Resources Inc shares had fallen by 13.4% this quarter and lost 21.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Whitecap Resources Inc is C$14.00

This summary was machine generated from LSEG data April 24 at 10:30 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)