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

Shares of Whitecap Resources Inc. (TSE:WCP) have been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is C$13.52.

WCP has been the topic of a number of recent research reports. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target on the stock in a research report on Tuesday, March 11th. National Bankshares dropped their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Desjardins dropped their price target on Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang purchased 9,720 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of C$8.43 per share, for a total transaction of C$81,939.60. Also, Director Grant Bradley Fagerheim purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of C$8.42 per share, with a total value of C$252,600.00. Insiders have purchased a total of 49,720 shares of company stock valued at $419,040 over the last quarter. 0.84% of the stock is owned by corporate insiders.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock opened at C$8.63 on Monday. The stock’s fifty day moving average is C$9.74 and its two-hundred day moving average is C$10.07. The company has a market capitalization of C$5.04 billion, a PE ratio of 5.82, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. Whitecap Resources has a 52 week low of C$7.88 and a 52 week high of C$11.31.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources’s payout ratio is currently 49.25%.

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.