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

Whitecap Resources Inc. (TSE:WCP) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$13.61.

A number of research firms have recently issued reports on WCP. Raymond James upgraded shares of Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. ATB Capital cut their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Canaccord Genuity Group decreased their target price on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Desjardins lifted their price target on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group decreased their price objective on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, September 16th.

Insider Activity at Whitecap Resources

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

Whitecap Resources Trading Up 1.3 %

Shares of Whitecap Resources stock opened at C$10.07 on Wednesday. The stock has a market capitalization of C$6.03 billion, a P/E ratio of 8.06, a price-to-earnings-growth 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$11.31. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. The company has a 50-day simple moving average of C$10.18 and a 200 day simple moving average of C$10.21.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Tuesday, December 31st. Whitecap Resources’s dividend payout ratio is 58.40%.

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.