Whitecap Resources (WCP) Set to Announce Earnings on Wednesday

Whitecap Resources (TSE:WCP) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of C$0.24 per share for the quarter.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.19. The business had revenue of C$914.10 million during the quarter. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%.

Whitecap Resources Price Performance

WCP opened at C$10.37 on Tuesday. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.91. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67. The company has a market capitalization of C$6.20 billion, a price-to-earnings ratio of 7.10, a P/E/G ratio of -0.33 and a beta of 2.81. The firm’s fifty day moving average price is C$9.87 and its two-hundred day moving average price is C$9.63.

Whitecap Resources Cuts Dividend

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

Insider Activity

In other news, Director Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of C$10.58 per share, with a total value of C$52,900.00. Corporate insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Raymond James cut their target price on Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 19th. ATB Capital decreased their target price on Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. CIBC boosted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group set a C$11.00 price objective on shares of Whitecap Resources and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Stifel Nicolaus boosted their target price on shares of Whitecap Resources from C$12.25 to C$12.75 and gave the company a “buy” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$13.35.

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.