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

Shares of Whitecap Resources Inc. (TSE:WCP) have been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$17.00.

WCP has been the topic of several research analyst reports. TD raised their target price on shares of Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Scotia raised their target price on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. Royal Bank Of Canada raised their target price 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. ATB Cormark Capital Markets raised their target price 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. Finally, Scotiabank raised shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th.

Whitecap Resources Price Performance

Whitecap Resources stock opened at C$14.97 on Friday. Whitecap Resources has a 12-month low of C$9.01 and a 12-month high of C$17.34. The stock has a market capitalization of C$18.20 billion, a P/E ratio of 20.51, a P/E/G ratio of -0.33 and a beta of 0.14. The firm’s 50-day moving average is C$15.90 and its two-hundred day moving average is C$14.00. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67.

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

Whitecap Resources Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a $0.0608 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.9%. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of C$16.30 per share, with a total value of C$81,500.00. Following the completion of the transaction, the director owned 3,287,599 shares of the company’s stock, valued at approximately C$53,587,863.70. The trade was a 0.15% increase in their ownership of the stock. Also, insider Travis Bjarne Tweit bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of C$15.48 per share, for a total transaction of C$46,440.00. Following the completion of the transaction, the insider directly owned 230,204 shares of the company’s stock, valued at approximately C$3,563,557.92. The trade was a 1.32% increase in their position. Over the last three months, insiders purchased 14,000 shares of company stock worth $227,960 and sold 6,100 shares worth $83,826. 0.84% of the stock is currently owned by company insiders.

Whitecap Resources Company Profile

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.