Whitecap Resources Inc. (TSE:WCP) Given Average Recommendation of “Buy” by Analysts

Whitecap Resources Inc. (TSE:WCP) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$14.00.

Several research firms have recently commented on WCP. Tudor Pickering raised Whitecap Resources to a “strong-buy” rating in a research note on Wednesday, October 15th. Raymond James Financial increased their target price on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 23rd. Capital One Financial raised shares of Whitecap Resources to a “strong-buy” rating in a report on Monday, October 27th. TD Securities upped their price target on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Desjardins raised their price objective on shares of Whitecap Resources from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Friday, October 24th.

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 15,000 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was purchased at an average price of C$10.60 per share, with a total value of C$159,000.00. Following the completion of the purchase, the director directly owned 3,220,745 shares in the company, valued at approximately C$34,139,897. The trade was a 0.47% increase in their position. 0.84% of the stock is currently owned by company insiders.

Whitecap Resources Trading Up 2.0%

Shares of Whitecap Resources stock opened at C$11.01 on Friday. Whitecap Resources has a 1-year low of C$6.87 and a 1-year high of C$11.30. The company’s fifty day simple moving average is C$10.66 and its 200-day simple moving average is C$9.83. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The stock has a market capitalization of C$13.37 billion, a PE ratio of 9.74, a P/E/G ratio of -0.33 and a beta of 0.50.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.17 EPS for the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%.The firm had revenue of C$1.54 billion during the quarter. As a group, equities analysts anticipate that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 6.6%. Whitecap Resources’s dividend payout ratio (DPR) is currently 64.57%.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.