Q3 2017 Earnings Estimate for Whitecap Resources Inc. Issued By Cormark (WCP)
Whitecap Resources Inc. (TSE:WCP) – Research analysts at Cormark raised their Q3 2017 earnings estimates for shares of Whitecap Resources in a note issued to investors on Tuesday. Cormark analyst G. Ursu now expects that the company will post earnings per share of $0.03 for the quarter, up from their prior estimate of $0.02. Cormark also issued estimates for Whitecap Resources’ Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.34 EPS, Q1 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.24 EPS.
Several other analysts also recently issued reports on WCP. National Bank Financial reduced their price target on Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research note on Friday, October 13th. Royal Bank Of Canada reduced their price target on Whitecap Resources from C$15.00 to C$12.00 in a research note on Thursday, July 20th. Finally, Barclays PLC reduced their price target on Whitecap Resources from C$13.00 to C$10.00 in a research note on Monday, July 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$13.60.
Whitecap Resources (TSE:WCP) opened at 9.08 on Thursday. Whitecap Resources has a 12 month low of $8.44 and a 12 month high of $12.90. The company has a market capitalization of $3.36 billion and a PE ratio of 11.14. The company has a 50-day moving average price of $9.29 and a 200 day moving average price of $9.41.
The business also recently announced a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.023 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.04%.
In related news, insider Jeffery Byron Zdunich bought 5,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average cost of C$8.46 per share, for a total transaction of C$42,300.00. Also, Director Grant Bradley Fagerheim bought 12,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of C$8.94 per share, with a total value of C$107,280.00. Over the last quarter, insiders have bought 25,000 shares of company stock valued at $220,540.
About Whitecap Resources
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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