Whitecap Resources (TSE:WCP) Stock Price Crosses Above Two Hundred Day Moving Average of $10.10

Shares of Whitecap Resources Inc. (TSE:WCP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.10 and traded as high as C$10.58. Whitecap Resources shares last traded at C$10.49, with a volume of 2,778,072 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WCP shares. Scotiabank upped their target price on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Royal Bank of Canada upgraded shares of Whitecap Resources to a “moderate buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$13.61.

Whitecap Resources Stock Performance

The stock has a market cap of C$6.29 billion, a P/E ratio of 8.39, a PEG ratio of -0.33 and a beta of 2.71. The stock has a fifty day simple moving average of C$10.20 and a 200-day simple moving average of C$10.10. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.12. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. The business had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$946.00 million. On average, equities analysts expect that Whitecap Resources Inc. will post 1.0211055 earnings per share for the current year.

Whitecap Resources Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Saturday, August 31st will be issued a $0.061 dividend. This is a boost from Whitecap Resources’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.73 annualized dividend and a dividend yield of 6.98%. Whitecap Resources’s dividend payout ratio (DPR) is presently 58.40%.

Insider Activity at Whitecap Resources

In other news, Director Grant Bradley Fagerheim sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total transaction of C$204,400.00. In other news, Director Chandra Henry bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average cost of C$10.00 per share, for a total transaction of C$100,000.00. Also, Director Grant Bradley Fagerheim sold 20,000 shares of Whitecap Resources stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00. Over the last quarter, insiders have purchased 30,000 shares of company stock valued at $303,400. 0.82% of the stock is owned by 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.