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

Whitecap Resources Inc. (TSE:WCP) has received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$15.15.

Several analysts have recently issued reports on the stock. Desjardins boosted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Canaccord Genuity Group raised their price objective on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a report on Tuesday, February 24th. TD Securities lifted their price objective on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada boosted their target price on shares of Whitecap Resources from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Finally, Raymond James Financial downgraded Whitecap Resources from a “strong-buy” rating to a “moderate buy” rating and increased their target price for the stock from C$15.00 to C$16.00 in a research report on Tuesday, February 24th.

Whitecap Resources Trading Up 0.2%

Shares of WCP opened at C$14.59 on Friday. The business has a 50-day moving average of C$13.20 and a 200 day moving average of C$11.80. Whitecap Resources has a fifty-two week low of C$6.87 and a fifty-two week high of C$15.11. The firm has a market cap of C$17.71 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of -0.33 and a beta of 0.67. The company has a debt-to-equity ratio of 40.03, a quick ratio of 0.67 and a current ratio of 0.68.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Monday, February 23rd. The company reported C$0.26 EPS for the quarter. The business had revenue of C$1.51 billion for the quarter. Whitecap Resources had a net margin of 18.38% and a return on equity of 10.14%. As a group, research analysts forecast that Whitecap Resources will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were paid a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Friday, February 27th. Whitecap Resources’s payout ratio is presently 73.70%.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.