Whitecap Resources (TSE:WCP) Share Price Crosses Above 200-Day Moving Average of $9.83

Whitecap Resources Inc. (TSE:WCPGet Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.83 and traded as high as C$10.89. Whitecap Resources shares last traded at C$10.84, with a volume of 2,574,302 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WCP. Stifel Nicolaus increased their target price on Whitecap Resources from C$13.50 to C$14.00 in a research report on Friday, October 28th. Haywood Securities lowered their price target on Whitecap Resources from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. National Bankshares lowered their price target on Whitecap Resources from C$17.50 to C$15.50 in a research report on Friday, September 30th. Raymond James lowered their price target on Whitecap Resources from C$17.00 to C$16.00 in a research report on Friday, October 14th. Finally, Canaccord Genuity Group set a C$15.50 target price on Whitecap Resources and gave the stock a “buy” rating in a research report on Thursday, August 25th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$14.37.

Whitecap Resources Stock Performance

The stock has a market cap of C$6.62 billion and a PE ratio of 4.34. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 42.83. The firm has a 50 day moving average price of C$9.99 and a 200 day moving average price of C$9.83.

Whitecap Resources Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th were paid a $0.0367 dividend. The ex-dividend date was Friday, October 28th. This represents a $0.44 annualized dividend and a yield of 4.06%. Whitecap Resources’s dividend payout ratio (DPR) is presently 13.70%.

Insider Buying and Selling at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 10,000 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were bought at an average price of C$8.69 per share, for a total transaction of C$86,900.00. Following the completion of the purchase, the director now directly owns 2,680,867 shares of the company’s stock, valued at C$23,296,734.23. Insiders have purchased 22,000 shares of company stock worth $192,600 over the last quarter.

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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