Whitecap Resources Inc. (TSE:WCP) Receives C$13.61 Consensus Price Target from Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$13.61.

Several equities analysts have issued reports on WCP shares. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. National Bankshares dropped their price objective on shares of Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Desjardins lifted their target price on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Canaccord Genuity Group decreased their price target on shares of Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Finally, ATB Capital decreased their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, October 24th.

Insiders Place Their Bets

In other Whitecap Resources news, Director Mary-Jo Case purchased 5,000 shares of the stock in a transaction on Monday, October 28th. The stock was bought at an average cost of C$10.44 per share, for a total transaction of C$52,200.00. Also, Senior Officer Thanh Chan Kang acquired 10,000 shares of the stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of C$10.48 per share, for a total transaction of C$104,800.00. Insiders have purchased 25,000 shares of company stock worth $261,300 in the last ninety days. Insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock opened at C$9.91 on Friday. The firm’s 50 day moving average is C$10.45 and its two-hundred day moving average is C$10.27. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.31. The firm has a market capitalization of C$5.94 billion, a P/E ratio of 7.93, a P/E/G ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a $0.0608 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.73 dividend on an annualized basis and a yield of 7.36%. Whitecap Resources’s payout ratio is presently 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.