Whitecap Resources (TSE:WCP) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Whitecap Resources Inc. (TSE:WCP)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.24 and traded as high as C$10.99. Whitecap Resources shares last traded at C$10.92, with a volume of 2,921,822 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on WCP shares. National Bankshares lowered their target price on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Jefferies Financial Group decreased 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 report on Monday, September 16th. Royal Bank of Canada raised shares of Whitecap Resources to a “moderate buy” rating in a report on Friday, July 26th. Finally, Scotiabank boosted their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Whitecap Resources currently has a consensus rating of “Buy” and a consensus price target of C$13.57.

Whitecap Resources Trading Up 1.4 %

The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. The company has a market cap of C$6.54 billion, a price-to-earnings ratio of 8.74, a PEG ratio of -0.33 and a beta of 2.69. The business’s 50-day simple moving average is C$10.21 and its 200-day simple moving average is C$10.24.

Whitecap Resources (TSE:WCP) last announced its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.12. The company had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$946.00 million. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. Research analysts predict that Whitecap Resources Inc. will post 1.0603015 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date is Friday, September 27th. Whitecap Resources’s payout ratio is currently 58.40%.

Insiders Place Their Bets

In other news, Director Chandra Henry acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average price of C$10.00 per share, with a total value of C$100,000.00. In other news, Director Chandra Henry acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average price of C$10.00 per share, with a total value of C$100,000.00. Also, Director Grant Bradley Fagerheim sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. 0.83% of the stock is currently 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.