Whitecap Resources Inc. (WCP) Receives Average Rating of “Buy” from Analysts

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.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, November 1st. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.01). Whitecap Resources had a net margin of 1.91% and a return on equity of 0.46%.

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.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/01/24/whitecap-resources-inc-wcp-receives-average-rating-of-buy-from-analysts.html.

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.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply