Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$13.10.

Several equities analysts have recently weighed in on WCP shares. National Bank Financial dropped their price objective on shares of Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a report on Friday, October 13th. Raymond James Financial upped their target price on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Barclays upped their target price on shares of Whitecap Resources from C$10.00 to C$11.00 in a report on Thursday, November 2nd. CIBC set a C$12.50 target price on shares of Whitecap Resources and gave the stock an “outperform” rating in a report on Tuesday. Finally, BMO Capital Markets upped their target price on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday.

Shares of Whitecap Resources (TSE WCP) traded down C$0.09 during midday trading on Tuesday, hitting C$8.82. 2,232,242 shares of the stock traded hands, compared to its average volume of 1,357,577. Whitecap Resources has a 52-week low of C$8.42 and a 52-week high of C$12.90.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.023 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.13%. Whitecap Resources’s dividend payout ratio is presently 34.95%.

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Whitecap Resources Company Profile

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.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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