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Shares of Whitecap Resources (TSE:WCP) have been given an average recommendation of “Buy” by the twelve ratings firms that are currently covering the company, Analyst Ratings.Net reports. Nine analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$17.75.

WCP has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Whitecap Resources from C$18.00 to C$20.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Whitecap Resources from C$17.50 to C$20.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Finally, analysts at FirstEnergy Capital raised their price target on shares of Whitecap Resources from C$19.00 to C$19.50 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock.

Shares of Whitecap Resources (TSE:WCP) traded down 0.38% on Thursday, hitting $18.23. 229,025 shares of the company’s stock traded hands. Whitecap Resources has a 52-week low of $11.02 and a 52-week high of $18.70. The stock has a 50-day moving average of $16.46 and a 200-day moving average of $14.54. The company has a market cap of $4.463 billion and a price-to-earnings ratio of 18.12.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.68.

The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Sunday, August 31st will be given a dividend of $0.0625 per share.

Whitecap Resources Inc is engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids in Western Canada.

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