Whitecap Resources (TSE:WCP) Given New C$15.00 Price Target at CIBC

Whitecap Resources (TSE:WCP) had its target price lifted by CIBC from C$14.00 to C$15.00 in a research report sent to investors on Monday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities analysts have also commented on WCP. National Bankshares dropped their price target on shares of Whitecap Resources from C$18.50 to C$15.00 and set an outperform rating for the company in a research report on Wednesday, January 10th. Desjardins increased their target price on Whitecap Resources from C$11.00 to C$11.50 and gave the stock a buy rating in a research report on Friday, February 23rd. Jefferies Financial Group set a C$11.00 price target on Whitecap Resources and gave the company a buy rating in a research report on Tuesday, February 27th. Canaccord Genuity Group raised their price objective on Whitecap Resources from C$12.50 to C$14.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Finally, BMO Capital Markets set a C$13.00 target price on Whitecap Resources and gave the stock an outperform rating in a report on Thursday, March 21st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of C$13.35.

Whitecap Resources Trading Down 0.1 %

Shares of Whitecap Resources stock opened at C$10.37 on Monday. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.91. The business’s fifty day moving average is C$9.87 and its two-hundred day moving average is C$9.63. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. The firm has a market cap of C$6.20 billion, a PE ratio of 7.10, a P/E/G ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.19. The firm had revenue of C$914.10 million for the quarter. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. Analysts anticipate that Whitecap Resources will post 1.2846626 earnings per share for the current year.

Whitecap Resources Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.0608 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a dividend yield of 7.04%. Whitecap Resources’s dividend payout ratio (DPR) is presently 44.52%.

Insider Buying and Selling

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is currently owned by insiders.

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.