Whitecap Resources Inc reports results for the quarter ended June 30 - Earnings Summary

• Whitecap Resources Inc WCP.TO reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 41 cents. The lone analyst forecast for the quarter was for earnings of 17 cents per share.

• Revenue rose 42.3% to C$1.26 billion from a year ago; analysts expected C$1.22 billion.

• Whitecap Resources Inc shares had risen by 9.8% this quarter and lost 1.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% 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 12 "strong buy" or "buy," 3 "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$13.00, about 21.6% above its last closing price of C$10.19

This summary was machine generated from LSEG data July 23 at 11:01 p.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)