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

Shares of Whitecap Resources Inc. (TSE:WCP) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.25 and traded as high as C$10.35. Whitecap Resources shares last traded at C$10.35, with a volume of 2,015,725 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WCP. Desjardins boosted their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. Canaccord Genuity Group reduced their price target on shares of Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. ATB Capital lowered their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, National Bankshares reduced their target price on shares of Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.61.

Whitecap Resources Trading Up 1.3 %

The stock has a market capitalization of C$6.20 billion, a P/E ratio of 8.28, a P/E/G ratio of -0.33 and a beta of 2.67. The stock’s 50 day moving average price is C$10.17 and its 200-day moving average price is C$10.25. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55.

Whitecap Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0608 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.73 annualized dividend and a yield of 7.05%. Whitecap Resources’s dividend payout ratio (DPR) is presently 58.40%.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 10,000 shares of the stock in a transaction dated Friday, November 8th. The stock was 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 bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average price of C$10.44 per share, for a total transaction of C$52,200.00. In the last three months, insiders purchased 25,000 shares of company stock valued at $261,300. Corporate 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.