Desjardins Analysts Give Whitecap Resources (TSE:WCP) a C$12.00 Price Target

Desjardins set a C$12.00 price objective on Whitecap Resources (TSE:WCP) in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently commented on WCP. National Bankshares dropped their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Raymond James raised shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a research note on Tuesday, March 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$13.52.

Whitecap Resources Stock Up 0.2 %

Shares of WCP opened at C$9.33 on Wednesday. Whitecap Resources has a 52 week low of C$7.88 and a 52 week high of C$11.31. The firm has a market cap of C$5.45 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The firm’s 50-day simple moving average is C$9.60 and its 200 day simple moving average is C$10.03. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date was Friday, February 28th. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.25%.

Insider Buying and Selling

In related news, Senior Officer Thanh Chan Kang purchased 10,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of C$8.45 per share, with a total value of C$84,500.00. Also, Director Grant Bradley Fagerheim purchased 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of C$8.42 per share, for a total transaction of C$252,600.00. In the last 90 days, insiders have bought 51,920 shares of company stock valued at $439,368. Company insiders own 0.84% of the company’s stock.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.