Shares of Whitecap Resources Inc. (TSE:WCP – Get 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.
Insider Buying and Selling
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
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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