Whitecap Resources Inc. (TSE:WCP) Given Average Recommendation of “Buy” by Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have received an average recommendation of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$17.00.

Several analysts have commented on WCP shares. Canaccord Genuity Group lifted their target price on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. BMO Capital Markets lifted their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada lifted their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Scotia lifted their target price on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 30th. Finally, TD Securities boosted their price objective on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th.

Insider Buying and Selling at Whitecap Resources

In related news, insider Travis Bjarne Tweit acquired 3,000 shares of the stock in a transaction dated Monday, May 25th. The stock was bought at an average cost of C$16.42 per share, with a total value of C$49,260.00. Following the purchase, the insider directly owned 227,204 shares of the company’s stock, valued at approximately C$3,730,689.68. This represents a 1.34% increase in their ownership of the stock. Also, Director Grant Bradley Fagerheim sold 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of C$13.76, for a total transaction of C$68,800.00. Following the sale, the director directly owned 3,278,099 shares of the company’s stock, valued at C$45,106,642.24. This represents a 0.15% decrease in their ownership of the stock. Insiders have sold a total of 6,100 shares of company stock valued at $83,826 over the last three months. Corporate insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Down 3.3%

WCP stock opened at C$16.45 on Wednesday. The stock has a market capitalization of C$19.99 billion, a P/E ratio of 22.53, a PEG ratio of -0.33 and a beta of 0.14. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. Whitecap Resources has a one year low of C$8.83 and a one year high of C$17.34. The company has a 50 day moving average price of C$15.68 and a two-hundred day moving average price of C$13.64.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$1.84 billion during the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. As a group, sell-side analysts expect that Whitecap Resources will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a dividend of $0.0608 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. Whitecap Resources’s payout ratio is currently 99.95%.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.