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

Shares of Whitecap Resources Inc. (TSE:WCPGet Free Report) have received a consensus recommendation of “Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$13.56.

A number of research analysts recently weighed in on the company. Jefferies Financial Group set a C$11.00 target price on Whitecap Resources and gave the stock a “buy” rating in a report on Tuesday, February 27th. Royal Bank of Canada increased 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 report on Thursday, April 25th. Desjardins lifted their target price on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the stock a “buy” rating in a report on Friday, February 23rd. ATB Capital cut their price objective on shares of Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Finally, BMO Capital Markets upped their target price on Whitecap Resources from C$13.00 to C$14.00 in a research report on Thursday, April 25th.

Read Our Latest Report on WCP

Whitecap Resources Trading Down 1.1 %

Shares of Whitecap Resources stock opened at C$10.10 on Friday. The stock has a market cap of C$6.05 billion, a P/E ratio of 8.94, a P/E/G ratio of -0.33 and a beta of 2.77. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 26.11. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.91. The business’s 50 day moving average is C$10.40 and its 200-day moving average is C$9.59.

Whitecap Resources (TSE:WCPGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). The firm had revenue of C$933.30 million during the quarter, compared to the consensus estimate of C$787.00 million. Whitecap Resources had a net margin of 21.27% and a return on equity of 12.91%. Equities research analysts predict that Whitecap Resources will post 1.0901468 earnings per share for the current fiscal year.

Whitecap Resources Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Thursday, May 30th. This is a boost from Whitecap Resources’s previous monthly dividend of $0.06. Whitecap Resources’s payout ratio is currently 64.60%.

Insider Buying and Selling

In related news, Senior Officer Thanh Chan Kang purchased 2,970 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of C$10.60 per share, for a total transaction of C$31,482.00. In other news, Senior Officer Thanh Chan Kang acquired 2,970 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average price of C$10.60 per share, with a total value of C$31,482.00. Also, Director Grant Bradley Fagerheim bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average price of C$10.15 per share, for a total transaction of C$101,500.00. Insiders purchased a total of 37,970 shares of company stock worth $393,582 in the last three months. 0.82% of the stock is owned by corporate insiders.

About Whitecap Resources

(Get Free Report

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.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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