Whitecap Resources Inc. (WCP.TO) – What Are Investment Firms Saying About This Stock?

Shares of Whitecap Resources Inc. (TSE:WCP) have been assigned a consensus rating of “Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$18.91.

A number of equities research analysts have commented on WCP shares. Desjardins set a C$22.00 price objective on Whitecap Resources and gave the stock a “buy” rating in a research report on Friday, July 17th. National Bank Financial upped their target price on Whitecap Resources from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, September 30th. Finally, TD increased 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 report on Friday, September 11th.

Whitecap Resources Stock Performance

Shares of WCP stock opened at C$18.69 on Tuesday. Whitecap Resources has a 1-year low of C$10.08 and a 1-year 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. The company has a market capitalization of C$22.73 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of -0.33 and a beta of 0.29. The stock’s fifty day simple moving average is C$17.86 and its 200-day simple moving average is C$16.40.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share for the quarter. The firm had revenue of C$2.35 billion for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. On average, sell-side analysts predict that Whitecap Resources will post 1.12 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.73 dividend on an annualized basis and a yield of 3.9%. Whitecap Resources’s payout ratio is presently 65.14%.

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.