Whitecap Resources (TSE:WCP) Price Target Raised to C$15.00 at National Bankshares

Whitecap Resources (TSE:WCP) had its price objective hoisted by National Bankshares from C$14.50 to C$15.00 in a report issued on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on WCP. CIBC dropped their price target on shares of Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Desjardins lowered their target price on Whitecap Resources from C$12.00 to C$11.50 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Raymond James upped their target price on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$12.88.

Whitecap Resources Stock Down 3.1%

Whitecap Resources stock opened at C$8.52 on Tuesday. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$11.31. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The firm has a market cap of C$4.97 billion, a PE ratio of 5.75, a P/E/G ratio of -0.33 and a beta of 2.67. The firm’s 50 day moving average price is C$8.36 and its two-hundred day moving average price is C$9.44.

Whitecap Resources Dividend Announcement

The firm also recently announced a apr 25 dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.0608 per share. This represents a yield of 8.97%. The ex-dividend date was Wednesday, April 30th. Whitecap Resources’s payout ratio is 49.25%.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim purchased 30,000 shares of Whitecap Resources stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of C$8.42 per share, with a total value of C$252,600.00. Also, insider Whitecap Resources Inc. sold 619,983 shares of the business’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of C$8.72, for a total transaction of C$5,406,251.76. In the last quarter, insiders purchased 123,120 shares of company stock worth $1,032,336. 0.84% of the stock is owned by corporate insiders.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.