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

Whitecap Resources Inc. (TSE:WCP) has been assigned an average rating of “Buy” from the nine analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$13.57.

Several brokerages have weighed in on WCP. Scotiabank increased their target price on Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Jefferies Financial Group dropped their target price on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. National Bankshares dropped their target price on Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Finally, Royal Bank of Canada raised Whitecap Resources to a “moderate buy” rating in a research report on Friday, July 26th.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$10.22, for a total transaction of C$204,400.00. Company insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Performance

WCP stock opened at C$10.51 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The firm has a market cap of C$6.30 billion, a P/E ratio of 8.41, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.35. The stock’s 50 day simple moving average is C$10.33 and its 200 day simple moving average is C$10.29.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. The firm had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$946.00 million. As a group, equities research analysts predict that Whitecap Resources will post 1.1226131 EPS for the current year.

Whitecap Resources Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.0608 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.73 annualized dividend and a dividend yield of 6.94%. Whitecap Resources’s payout ratio is 58.40%.

About Whitecap Resources

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.