Whitecap Resources Inc. (TSE:WCP) Receives Average Rating of “Buy” from Brokerages

Shares of Whitecap Resources Inc. (TSE:WCP) have earned a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$18.82.

A number of equities research analysts have recently commented on the stock. TD raised their price objective 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 boosted their target price on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Desjardins set a C$22.00 price target on shares of Whitecap Resources and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada raised their price target on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th.

Whitecap Resources Trading Up 0.1%

TSE WCP opened at C$18.55 on Friday. The company has a fifty day simple moving average of C$17.16 and a two-hundred day simple moving average of C$15.97. The stock has a market cap of C$22.55 billion, a P/E ratio of 16.56, a P/E/G ratio of -0.33 and a beta of 0.21. Whitecap Resources has a 12-month low of C$10.08 and a 12-month high of C$19.39. 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 issued its earnings results on Wednesday, July 29th. The company reported C$0.73 EPS for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%.The firm had revenue of C$2.35 billion for the quarter. On average, analysts forecast that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were given a dividend of $0.0608 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, July 31st. Whitecap Resources’s dividend payout ratio is 65.14%.

Insider Buying and Selling

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 10,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average cost of C$14.46 per share, for a total transaction of C$144,600.00. Following the completion of the transaction, the director 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 company’s stock in a transaction dated Monday, July 6th. The stock was bought at an average price of C$14.46 per share, with a total value of C$108,450.00. Following the completion of the transaction, the insider directly owned 111,416 shares of the company’s stock, valued at approximately C$1,611,075.36. This represents a 7.22% increase in their ownership of the stock. 0.84% of the stock is owned by corporate insiders.

Whitecap Resources Company Profile

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.