Whitecap Resources (TSE:WCP) Price Target Increased to C$13.75 by Analysts at Stifel Nicolaus

Whitecap Resources (TSE:WCP) had its price target raised by Stifel Nicolaus from C$12.75 to C$13.75 in a research note published on Tuesday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. National Bankshares reduced their price target on Whitecap Resources from C$18.50 to C$15.00 and set an outperform rating for the company in a research report on Wednesday, January 10th. Canaccord Genuity Group upped their price target on Whitecap Resources from C$12.50 to C$14.00 and gave the company a buy rating in a research report on Wednesday, April 17th. Raymond James cut their price objective on shares of Whitecap Resources from C$15.50 to C$13.00 and set a strong-buy rating for the company in a research report on Friday, January 19th. ATB Capital decreased their target price on shares of Whitecap Resources from C$15.50 to C$15.00 in a report on Thursday, February 22nd. Finally, Desjardins increased their target price on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the stock a buy rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of C$13.44.

Whitecap Resources Price Performance

Shares of TSE:WCP opened at C$10.65 on Tuesday. The firm has a market capitalization of C$6.37 billion, a PE ratio of 7.29, a P/E/G ratio of -0.33 and a beta of 2.81. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. The company has a 50-day moving average price of C$9.91 and a two-hundred day moving average price of C$9.62. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.91.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.19. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. The company had revenue of C$914.10 million during the quarter. Equities analysts forecast that Whitecap Resources will post 1.2846626 EPS for the current year.

Whitecap Resources Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a yield of 6.85%. Whitecap Resources’s dividend payout ratio (DPR) is presently 44.52%.

Insider Activity at Whitecap Resources

In other news, Director Grant Bradley Fagerheim acquired 5,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was purchased at an average cost of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is owned by insiders.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.