Whitecap Resources Inc. (TSE:WCP) Given Average Recommendation of “Buy” by Analysts

Whitecap Resources Inc. (TSE:WCP) has been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$14.33.

A number of brokerages have recently issued reports on WCP. Raymond James Financial boosted their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 23rd. Capital One Financial upgraded shares of Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. Scotiabank raised their target price on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Desjardins lifted their target price on shares of Whitecap Resources from C$13.50 to C$14.00 and gave the company a “buy” rating in a report on Monday. Finally, National Bankshares set a C$15.00 price target on Whitecap Resources and gave the company an “outperform” rating in a report on Friday, January 9th.

Whitecap Resources Trading Down 0.2%

Shares of WCP opened at C$12.63 on Thursday. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$12.80. The firm has a market capitalization of C$15.33 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of -0.33 and a beta of 0.62. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The stock’s fifty day simple moving average is C$11.57 and its 200 day simple moving average is C$10.86.

Whitecap Resources (TSE:WCP) last posted 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 during the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%. On average, equities research analysts forecast that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were paid a $0.0608 dividend. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. Whitecap Resources’s dividend payout ratio (DPR) is 64.57%.

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. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.