Brokerages Set Whitecap Resources Inc. (TSE:WCP) Target Price at C$13.61

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

A number of research analysts have commented on the company. Canaccord Genuity Group reduced their price objective on Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. Jefferies Financial Group dropped their price objective on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. National Bankshares lowered their price target on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Desjardins boosted their price objective on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, ATB Capital cut 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 note on Thursday, October 24th.

Insider Activity

In other news, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was bought at an average cost of C$10.43 per share, for a total transaction of C$104,300.00. Also, Director Mary-Jo Case purchased 5,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were purchased at an average price of C$10.44 per share, for a total transaction of C$52,200.00. In the last quarter, insiders acquired 25,000 shares of company stock worth $261,300. Corporate insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Performance

Shares of WCP stock opened at C$10.07 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The company has a market cap of C$6.03 billion, a PE ratio of 8.06, a P/E/G ratio of -0.33 and a beta of 2.67. The company’s fifty day simple moving average is C$10.18 and its 200-day simple moving average is C$10.22. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.31.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Tuesday, December 31st. Whitecap Resources’s payout ratio is currently 58.40%.

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.