Whitecap Resources (TSE:WCP) PT Raised to C$14.00 at Royal Bank of Canada

Whitecap Resources (TSE:WCPGet Rating) had its price objective increased by Royal Bank of Canada from C$13.00 to C$14.00 in a report released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also issued reports on WCP. Haywood Securities lifted their price target on shares of Whitecap Resources from C$12.00 to C$14.00 and gave the company a buy rating in a report on Wednesday, April 6th. National Bank Financial lifted their price target on shares of Whitecap Resources to C$14.00 and gave the company an outperform rating in a report on Thursday, January 6th. TD Securities lifted their price target on shares of Whitecap Resources from C$15.00 to C$15.50 and gave the company a buy rating in a report on Friday. Tudor Pickering & Holt set a C$10.50 price target on shares of Whitecap Resources and gave the company a buy rating in a report on Monday, February 14th. Finally, BMO Capital Markets boosted their target price on shares of Whitecap Resources from C$12.00 to C$15.00 in a report on Monday, March 14th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Buy and a consensus price target of C$13.39.

Shares of Whitecap Resources stock opened at C$10.53 on Friday. The company has a 50-day simple moving average of C$10.17 and a two-hundred day simple moving average of C$8.65. The stock has a market capitalization of C$6.49 billion and a price-to-earnings ratio of 3.57. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 29.06. Whitecap Resources has a twelve month low of C$4.69 and a twelve month high of C$11.46.

Whitecap Resources (TSE:WCPGet Rating) last issued its earnings results on Thursday, February 24th. The company reported C$0.36 EPS for the quarter, beating the consensus estimate of C$0.24 by C$0.12. The firm had revenue of C$785.80 million during the quarter. On average, sell-side analysts anticipate that Whitecap Resources will post 1.49 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 15th were given a dividend of $0.0225 per share. The ex-dividend date of this dividend was Friday, February 25th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.56%. Whitecap Resources’s payout ratio is presently 12.20%.

About Whitecap Resources (Get Rating)

Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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