Whitecap Resources Inc. (TSE:WCP) Receives C$13.61 Consensus PT from Analysts

Whitecap Resources Inc. (TSE:WCP) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$13.61.

Several analysts have weighed in on the company. Jefferies Financial Group dropped their price objective on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, September 16th. National Bankshares cut their price objective on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. Desjardins upped their target price on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, ATB Capital reduced their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, October 24th.

Whitecap Resources Stock Down 0.9 %

TSE WCP opened at C$10.14 on Friday. The stock has a market capitalization of C$6.08 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.31. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The stock has a fifty day moving average of C$10.47 and a 200-day moving average of C$10.28.

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.73 annualized dividend and a yield of 7.20%. Whitecap Resources’s dividend payout ratio is presently 58.40%.

Insider Buying and Selling at Whitecap Resources

In related news, Senior Officer Thanh Chan Kang purchased 10,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of C$10.48 per share, with a total value of C$104,800.00. Also, Director Mary-Jo Case purchased 5,000 shares of Whitecap Resources stock in a transaction dated Monday, October 28th. The stock was bought at an average price of C$10.44 per share, with a total value of C$52,200.00. Over the last ninety days, insiders acquired 25,000 shares of company stock valued at $261,300. Company insiders own 0.84% of the company’s stock.

About Whitecap Resources

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.