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

Shares of Whitecap Resources Inc. (TSE:WCP) have received a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. Ten analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$16.73.

Several research analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Whitecap Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Raymond James Financial raised their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. BMO Capital Markets raised their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. National Bank Financial raised their target price on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Finally, TD Securities raised their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th.

Whitecap Resources Stock Performance

Shares of WCP opened at C$16.13 on Friday. Whitecap Resources has a one year low of C$8.39 and a one year high of C$16.43. The company has a 50-day moving average of C$14.86 and a two-hundred day moving average of C$12.87. The stock has a market cap of C$19.58 billion, a price-to-earnings ratio of 22.10, a PEG ratio of -0.33 and a beta of 0.38. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last announced its earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. The company had revenue of C$1.84 billion during the quarter. On average, equities research analysts expect that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a dividend of $0.0608 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of C$13.76, for a total transaction of C$68,800.00. Following the completion of the sale, the director directly owned 3,278,099 shares in the company, valued at approximately C$45,106,642.24. This trade represents a 0.15% decrease in their ownership of the stock. Insiders have sold 6,100 shares of company stock worth $83,826 in the last ninety days. Company insiders own 0.84% of the company’s stock.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.