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

Whitecap Resources Inc. (TSE:WCP) has earned a consensus rating of “Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$13.27.

Several research firms recently commented on WCP. Jefferies Financial Group set a C$11.00 price objective on shares of Whitecap Resources and gave the company a “buy” rating in a research report on Tuesday, February 27th. Raymond James cut their price objective on shares of Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. Stifel Nicolaus boosted their price objective on shares of Whitecap Resources from C$12.25 to C$12.75 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Desjardins lifted their price target on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, CIBC lowered their price target on shares of Whitecap Resources from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 16th.

Whitecap Resources Trading Down 0.6 %

Shares of TSE WCP opened at C$10.33 on Friday. The company’s fifty day moving average is C$9.80 and its 200-day moving average is C$9.65. The stock has a market cap of C$6.18 billion, a price-to-earnings ratio of 7.08, a P/E/G ratio of -0.33 and a beta of 2.81. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.91. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.19. The business had revenue of C$914.10 million for the quarter. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. Equities research analysts predict that Whitecap Resources will post 1.2846626 EPS for the current year.

Whitecap Resources Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.0608 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a dividend yield of 7.06%. Whitecap Resources’s dividend payout ratio is presently 44.52%.

Insider Transactions at Whitecap Resources

In other news, Director Grant Bradley Fagerheim acquired 5,000 shares of the stock in a transaction dated Friday, April 5th. The shares were bought at an average cost of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is owned by company insiders.

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