Whitecap Resources Inc. (TSE:WCP) Receives Consensus Rating of “Buy” from Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$14.45.

WCP has been the subject of several analyst reports. Royal Bank of Canada lifted their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Stifel Nicolaus lifted their price objective on shares of Whitecap Resources from C$13.75 to C$14.75 and gave the company a “buy” rating in a research note on Friday, September 1st. Barclays reduced their price objective on shares of Whitecap Resources from C$14.00 to C$13.00 in a research note on Friday, June 30th. Raymond James dropped their target price on shares of Whitecap Resources from C$16.00 to C$15.00 in a report on Friday, July 14th. Finally, Desjardins dropped their target price on shares of Whitecap Resources from C$14.50 to C$12.75 and set a “buy” rating on the stock in a report on Tuesday, July 25th.

Whitecap Resources Trading Down 0.3 %

Shares of TSE:WCP opened at C$11.64 on Thursday. The firm has a fifty day moving average of C$10.44 and a two-hundred day moving average of C$10.24. The firm has a market capitalization of C$7.05 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of -0.33 and a beta of 2.90. Whitecap Resources has a 12-month low of C$8.00 and a 12-month high of C$11.84. The company has a quick ratio of 0.67, a current ratio of 0.87 and a debt-to-equity ratio of 24.26.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, July 26th. The company reported C$0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.25 by C$0.04. Whitecap Resources had a net margin of 31.05% and a return on equity of 21.71%. The business had revenue of C$873.40 million during the quarter. On average, equities analysts expect that Whitecap Resources will post 1.1297561 EPS for the current fiscal year.

Whitecap Resources Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.048 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.58 annualized dividend and a dividend yield of 4.95%. Whitecap Resources’s payout ratio is 32.77%.

Insider Transactions at Whitecap Resources

In related news, Director Vineeta Maguire acquired 10,683 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were bought at an average price of C$9.36 per share, for a total transaction of C$99,992.88. Insiders own 0.75% of the company’s stock.

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. Whitecap Resources Inc was founded in 2009 and is headquartered in Calgary, Canada.