Whitecap Resources (WCP) Posts Quarterly Results
Whitecap Resources (TSE:WCP) issued its quarterly earnings data on Friday. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.68, AmericanBankingNews.com reports.
Shares of Whitecap Resources (TSE:WCP) opened at 16.14 on Friday. Whitecap Resources has a 52 week low of $11.00 and a 52 week high of $16.97. The stock’s 50-day moving average is $16.14 and its 200-day moving average is $13.98. The company has a market cap of $3.951 billion and a price-to-earnings ratio of 63.04.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.0625 per share.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Whitecap Resources from C$17.00 to C$18.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. Analysts at CIBC raised their price target on shares of Whitecap Resources from C$17.50 to C$19.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$16.96.
Whitecap Resources Inc, formerly Spitfire Energy Ltd., is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids in Western Canada.
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