Whitecap Resources (WCP) Scheduled to Post Earnings on Wednesday

Whitecap Resources (TSE:WCP) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of C$0.24 per share for the quarter.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.19. The firm had revenue of C$914.10 million for the quarter. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock opened at C$10.49 on Wednesday. The stock has a market capitalization of C$6.27 billion, a P/E ratio of 7.18, a PEG ratio of -0.33 and a beta of 2.81. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. The stock has a 50 day moving average price of C$9.72 and a two-hundred day moving average price of C$9.64. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.91.

Whitecap Resources Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a dividend yield of 6.96%. Whitecap Resources’s dividend payout ratio is 44.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets set a C$13.00 price objective on Whitecap Resources and gave the company an “outperform” rating in a research report on Thursday, March 21st. CIBC cut their target price on Whitecap Resources from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. ATB Capital cut their target price on Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. Stifel Nicolaus upped their target price on Whitecap Resources from C$12.25 to C$12.75 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Raymond James cut their target price on Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating for the company in a research note on Friday, January 19th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$13.35.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was acquired at an average price of C$10.58 per share, with a total value of C$52,900.00. 0.74% of the stock is owned by corporate insiders.

About Whitecap Resources

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. The company was founded in 2009 and is headquartered in Calgary, Canada.