Whitecap Resources (TSE:WCP) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Whitecap Resources Inc. (TSE:WCP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.71 and traded as high as C$16.98. Whitecap Resources shares last traded at C$16.64, with a volume of 6,266,850 shares.

Wall Street Analysts Forecast Growth

WCP has been the subject of a number of research analyst reports. Scotiabank upgraded Whitecap Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. BMO Capital Markets upped their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. ATB Cormark Capital Markets upped their price target on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. TD Securities upped their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada upped their price target on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$17.00.

Whitecap Resources Trading Up 0.2%

The business’s 50-day moving average is C$15.72 and its two-hundred day moving average is C$13.71. 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 stock has a market capitalization of C$20.23 billion, a PE ratio of 22.79, a PEG ratio of -0.33 and a beta of 0.14.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. The firm had revenue of C$1.84 billion during the quarter. On average, analysts predict that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The company 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) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, April 30th. Whitecap Resources’s dividend payout ratio is presently 99.95%.

Insider Transactions at Whitecap Resources

In other news, insider Travis Bjarne Tweit acquired 3,000 shares of the firm’s stock in a transaction on Monday, May 25th. The stock was bought at an average cost of C$16.42 per share, with a total value of C$49,260.00. Following the transaction, the insider directly owned 227,204 shares in the company, valued at approximately C$3,730,689.68. This represents a 1.34% increase in their position. Also, Director Grant Bradley Fagerheim sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of C$13.76, for a total transaction of C$68,800.00. Following the transaction, the director directly owned 3,278,099 shares in the company, valued at C$45,106,642.24. The trade was a 0.15% decrease in their position. Over the last three months, insiders sold 6,100 shares of company stock valued at $83,826. 0.84% of the stock is currently owned by corporate insiders.

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.