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

Whitecap Resources Inc. (TSE:WCP) has been given an average rating of “Buy” by the ten analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$13.27.

WCP has been the subject of a number of recent research reports. BMO Capital Markets set a C$13.00 price objective on shares of Whitecap Resources and gave the stock an “outperform” rating in a report on Thursday, March 21st. Jefferies Financial Group set a C$11.00 price objective on shares of Whitecap Resources and gave the stock a “buy” rating in a report on Tuesday, February 27th. Raymond James decreased their price objective on shares of Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating for the company in a report on Friday, January 19th. National Bankshares decreased their price objective on shares of Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. Finally, Desjardins upped their price objective on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the stock a “buy” rating in a report on Friday, February 23rd.

Whitecap Resources Trading Down 0.6 %

Whitecap Resources stock opened at C$10.33 on Friday. The company’s fifty day simple moving average is C$9.80 and its 200-day simple moving average is C$9.65. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. Whitecap Resources has a 12 month low of C$8.15 and a 12 month high of C$11.91. The stock has a market cap of C$6.18 billion, a P/E ratio of 7.08, a P/E/G ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.19. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. The business had revenue of C$914.10 million for the quarter. As a group, sell-side analysts forecast that Whitecap Resources will post 1.2846626 EPS for the current fiscal year.

Whitecap Resources Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend is Monday, April 29th. Whitecap Resources’s dividend payout ratio is currently 44.52%.

Insider Activity

In related news, Director Grant Bradley Fagerheim acquired 5,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was acquired at an average price of C$10.58 per share, with a total value of C$52,900.00. 0.74% of the stock is owned by company insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.