Whitecap Resources (TSE:WCP) Shares Cross Above 200 Day Moving Average – Time to Sell?

Whitecap Resources Inc. (TSE:WCP) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.40 and traded as high as C$16.53. Whitecap Resources shares last traded at C$16.53, with a volume of 4,530,039 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WCP shares. BMO Capital Markets upped their target price on Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Raymond James Financial upped their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Scotia upped their target price on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets upped their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Desjardins upped their target price on 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. Three research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$17.00.

Whitecap Resources Trading Up 2.5%

The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 33.01. The company has a 50-day simple moving average of C$15.46 and a 200 day simple moving average of C$13.40. The firm has a market cap of C$20.09 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of -0.33 and a beta of 0.38.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%.The business had revenue of C$1.84 billion for the quarter. As a group, sell-side analysts forecast that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a $0.0608 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Thursday, April 30th. Whitecap Resources’s dividend payout ratio is currently 99.95%.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of C$13.76, for a total value of C$68,800.00. Following the sale, the director owned 3,278,099 shares in the company, valued at approximately C$45,106,642.24. This represents a 0.15% decrease in their position. Also, insider Travis Bjarne Tweit acquired 3,000 shares of the stock in a transaction on Monday, May 25th. The stock was bought at an average price of C$16.42 per share, for a total transaction of C$49,260.00. Following the transaction, the insider owned 227,204 shares in the company, valued at approximately C$3,730,689.68. This represents a 1.34% increase in their position. In the last 90 days, insiders sold 6,100 shares of company stock worth $83,826. Insiders own 0.84% of the company’s stock.

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.