Whitecap Resources (TSE:WCP) Sets New 1-Year High – Should You Buy?

Shares of Whitecap Resources Inc. (TSE:WCP) reached a new 52-week high on Tuesday . The stock traded as high as C$19.11 and last traded at C$19.10, with a volume of 2758007 shares traded. The stock had previously closed at C$18.68.

Analysts Set New Price Targets

A number of equities analysts have commented on WCP shares. TD boosted their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, September 11th. National Bank Financial lifted their price objective on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Royal Bank Of Canada increased their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Finally, Desjardins set a C$22.00 price target on Whitecap Resources and gave the company a “buy” rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$18.82.

Whitecap Resources Trading Down 4.0%

The stock has a market capitalization of C$22.53 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of -0.33 and a beta of 0.21. The stock’s fifty day moving average price is C$17.09 and its two-hundred day moving average price is C$15.93. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, July 29th. The company reported C$0.73 EPS for the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. The company had revenue of C$2.35 billion for the quarter. Equities research analysts forecast that Whitecap Resources Inc. 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 Monday, August 17th. Stockholders of record on Monday, August 17th were issued a $0.0608 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.9%. Whitecap Resources’s payout ratio is currently 65.14%.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average cost of C$14.46 per share, for a total transaction of C$144,600.00. Following the acquisition, the director directly owned 3,308,099 shares of the company’s stock, valued at C$47,835,111.54. The trade was a 0.30% increase in their position. Also, insider Joseph Adam Wong purchased 7,500 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was bought at an average cost of C$14.46 per share, for a total transaction of C$108,450.00. Following the completion of the purchase, the insider directly owned 111,416 shares in the company, valued at approximately C$1,611,075.36. This trade represents a 7.22% increase in their ownership of the stock. Insiders own 0.84% of the company’s stock.

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.