Whitecap Resources Inc. (TSE:WCP) Receives C$14.08 Consensus PT from Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$14.08.

WCP has been the subject of several research analyst reports. TD Securities boosted their price target on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Raymond James Financial boosted their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 23rd. Desjardins increased their price target on Whitecap Resources from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Friday, October 24th. National Bankshares set a C$15.00 price objective on Whitecap Resources and gave the company an “outperform” rating in a report on Wednesday, November 26th. Finally, Scotiabank increased their target price on Whitecap Resources from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th.

Insider Buying and Selling at Whitecap Resources

In related news, Director Bradley John Wall bought 2,800 shares of Whitecap Resources stock in a transaction that occurred on Wednesday, October 29th. The stock was purchased at an average cost of C$10.70 per share, with a total value of C$29,960.00. Following the purchase, the director owned 3,800 shares in the company, valued at approximately C$40,660. This trade represents a 280.00% increase in their ownership of the stock. Also, Director Grant Bradley Fagerheim bought 15,000 shares of the stock in a transaction on Friday, October 10th. The shares were purchased at an average price of C$10.60 per share, with a total value of C$159,000.00. Following the acquisition, the director owned 3,220,745 shares in the company, valued at approximately C$34,139,897. This represents a 0.47% increase in their position. Insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$11.73 on Wednesday. The firm’s 50 day simple moving average is C$11.01 and its 200 day simple moving average is C$10.30. Whitecap Resources has a fifty-two week low of C$6.87 and a fifty-two week high of C$12.02. The company has a market capitalization of C$14.24 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of -0.33 and a beta of 0.55. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, October 22nd. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$1.55 billion during the quarter. Whitecap Resources had a net margin of 24.23% and a return on equity of 15.86%. As a group, sell-side analysts forecast that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Friday, October 31st. Whitecap Resources’s dividend payout ratio (DPR) is presently 64.57%.

Whitecap Resources Company Profile

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.