Whitecap Resources Inc. (TSE:WCP) Receives C$13.06 Average PT from Analysts

Shares of Whitecap Resources Inc. (TSE:WCPGet Free Report) have been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$13.06.

A number of research analysts have issued reports on WCP shares. CIBC decreased their price target on Whitecap Resources from C$14.50 to C$13.00 in a report on Thursday, April 10th. Desjardins dropped their target price on Whitecap Resources from C$12.00 to C$11.50 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. National Bankshares lowered their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a research report on Tuesday, March 11th.

Get Our Latest Report on WCP

Insider Buying and Selling

In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 9,720 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of C$8.43 per share, with a total value of C$81,939.60. Also, Director Grant Bradley Fagerheim purchased 30,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of C$8.42 per share, with a total value of C$252,600.00. Over the last ninety days, insiders bought 98,120 shares of company stock worth $835,336. Insiders own 0.84% of the company’s stock.

Whitecap Resources Price Performance

TSE:WCP opened at C$7.79 on Tuesday. The firm’s fifty day moving average is C$8.61 and its two-hundred day moving average is C$9.60. The firm has a market cap of C$4.55 billion, a price-to-earnings ratio of 5.26, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a one year low of C$6.87 and a one year high of C$11.31. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Whitecap Resources Dividend Announcement

The business also recently announced a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a $0.0608 dividend. This represents a yield of 8.97%. The ex-dividend date of this dividend is Wednesday, April 30th. Whitecap Resources’s payout ratio is currently 49.25%.

Whitecap Resources Company Profile

(Get Free Report

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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