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

Whitecap Resources Inc. (TSE:WCP) has been assigned an average rating of “Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. Ten analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$17.00.

A number of research analysts recently commented on WCP shares. TD upped their price target on shares of Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada raised their price objective on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Scotia boosted their price objective on Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. ATB Cormark Capital Markets upped their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Raymond James Financial increased their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th.

Whitecap Resources Price Performance

TSE:WCP opened at C$14.56 on Friday. Whitecap Resources has a one year low of C$9.20 and a one year high of C$17.34. The company has a market cap of C$17.70 billion, a P/E ratio of 19.95, a P/E/G ratio of -0.33 and a beta of 0.14. The firm’s fifty day moving average price is C$15.94 and its two-hundred day moving average price is C$14.10. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$1.84 billion for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. Equities analysts expect that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a $0.0608 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, July 31st. Whitecap Resources’s dividend payout ratio is currently 99.95%.

Insider Buying and Selling at Whitecap Resources

In other news, insider Travis Bjarne Tweit bought 3,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of C$15.48 per share, with a total value of C$46,440.00. Following the completion of the acquisition, the insider owned 230,204 shares of the company’s stock, valued at C$3,563,557.92. This represents a 1.32% increase in their ownership of the stock. Also, Director Grant Bradley Fagerheim bought 5,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of C$16.30 per share, with a total value of C$81,500.00. Following the acquisition, the director directly owned 3,287,599 shares of the company’s stock, valued at approximately C$53,587,863.70. This represents a 0.15% increase in their position. In the last quarter, insiders have acquired 14,000 shares of company stock worth $227,960 and have sold 6,100 shares worth $83,826. 0.84% of the stock is owned by company insiders.

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.