Whitecap Resources Inc. (WCP) Forecasted to Post FY2017 Earnings of $0.33 Per Share
Whitecap Resources Inc. (TSE:WCP) – Stock analysts at Cormark decreased their FY2017 earnings estimates for shares of Whitecap Resources in a research report issued to clients and investors on Tuesday. Cormark analyst G. Ursu now anticipates that the company will earn $0.33 per share for the year, down from their previous estimate of $0.34. Cormark also issued estimates for Whitecap Resources’ FY2018 earnings at $0.32 EPS and FY2019 earnings at $0.46 EPS.
Several other equities research analysts have also weighed in on WCP. BMO Capital Markets lifted their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday. CIBC restated an “outperform” rating and set a C$12.50 price target on shares of Whitecap Resources in a research report on Tuesday. TD Securities lifted their price target on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays lifted their price target on Whitecap Resources from C$10.00 to C$11.00 in a research report on Thursday, November 2nd. Finally, National Bank Financial dropped their price target on Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Seven research analysts have rated the stock with a buy rating, Whitecap Resources currently has a consensus rating of “Buy” and a consensus price target of C$13.10.
In related news, Director Grant Bradley Fagerheim bought 10,200 shares of the company’s stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of C$8.91 per share, with a total value of C$90,882.00.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.023 dividend. This represents a $0.28 annualized dividend and a yield of 3.19%. The ex-dividend date is Wednesday, November 29th. Whitecap Resources’s dividend payout ratio (DPR) is 34.95%.
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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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