Whitecap Resources Inc. (TSE:WCP) Receives C$13.68 Consensus Price Target from Analysts

Whitecap Resources Inc. (TSE:WCP) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$13.68.

WCP has been the topic of several recent research reports. Canaccord Genuity Group lowered their target price on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Desjardins boosted their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. ATB Capital cut their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Raymond James raised shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th.

Insider Transactions at Whitecap Resources

In other news, Director Mary-Jo Case bought 5,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was bought at an average cost of C$10.44 per share, with a total value of C$52,200.00. Also, Senior Officer Joel Maxwell Armstrong purchased 10,000 shares of Whitecap Resources stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of C$10.43 per share, for a total transaction of C$104,300.00. In the last three months, insiders have purchased 25,000 shares of company stock worth $261,300. 0.84% of the stock is currently owned by insiders.

Whitecap Resources Trading Down 0.9 %

Shares of WCP stock opened at C$9.96 on Friday. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.31. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The stock’s fifty day moving average is C$10.13 and its two-hundred day moving average is C$10.25. The firm has a market capitalization of C$5.97 billion, a P/E ratio of 7.97, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported C$0.46 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.21. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. Research analysts expect that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend is Friday, January 31st. Whitecap Resources’s dividend payout ratio is presently 58.40%.

Whitecap Resources Company Profile

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.