National Bankshares Reiterates C$15.00 Price Target for Whitecap Resources (TSE:WCP)

National Bankshares set a C$15.00 target price on Whitecap Resources (TSE:WCP) in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

WCP has been the topic of a number of other research reports. Capital One Financial raised Whitecap Resources to a “strong-buy” rating in a report on Monday, October 27th. TD Securities lifted their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Raymond James Financial upped their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 23rd. Tudor Pickering upgraded shares of Whitecap Resources to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Scotiabank boosted their price target on shares of Whitecap Resources from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Four equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$14.08.

Whitecap Resources Trading Up 0.5%

TSE WCP opened at C$11.69 on Wednesday. The firm’s fifty day moving average is C$10.84 and its two-hundred day moving average is C$10.09. Whitecap Resources has a one year low of C$6.87 and a one year high of C$11.91. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The firm has a market cap of C$14.19 billion, a PE ratio of 10.35, a P/E/G ratio of -0.33 and a beta of 0.50.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$1.55 billion for the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%. Analysts expect that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a $0.0608 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Friday, October 31st. Whitecap Resources’s dividend payout ratio (DPR) is currently 64.57%.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were purchased at an average price of C$10.60 per share, with a total value of C$159,000.00. Following the completion of the acquisition, the director owned 3,220,745 shares in the company, valued at approximately C$34,139,897. This represents a 0.47% increase in their ownership of the stock. 0.84% of the stock is owned by company insiders.

About Whitecap Resources

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.