Shares of Whitecap Resources Inc. (TSE:WCP) have been given an average rating of “Buy” by the nine analysts that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is C$13.22.
A number of analysts have recently commented on WCP shares. CIBC restated an “outperform” rating and issued a C$12.50 price objective on shares of Whitecap Resources in a research report on Tuesday, December 5th. TD Securities boosted their price objective on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. National Bank Financial boosted their price objective on Whitecap Resources from C$11.50 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Barclays boosted their price objective on Whitecap Resources from C$10.00 to C$11.00 in a research report on Thursday, November 2nd. Finally, BMO Capital Markets boosted their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 5th.
Shares of Whitecap Resources (WCP) opened at C$9.87 on Wednesday. The company has a market capitalization of $4,130.00, a P/E ratio of 12.34 and a beta of 1.03. Whitecap Resources has a 12-month low of C$8.31 and a 12-month high of C$11.48.
The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.0257 per share. This represents a $0.31 annualized dividend and a dividend yield of 3.12%. This is a boost from Whitecap Resources’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, January 30th. Whitecap Resources’s payout ratio is presently 34.95%.
In related news, Director Grant Bradley Fagerheim acquired 10,200 shares of the stock in a transaction on Monday, December 4th. The shares were bought at an average price of C$8.91 per share, with a total value of C$90,882.00.
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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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