Whitecap Resources (TSE:WCP) Given New C$11.50 Price Target at Desjardins

Whitecap Resources (TSE:WCP) had its target price lowered by Desjardins from C$12.00 to C$11.50 in a research report released on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price for the company in a report on Tuesday, March 11th. National Bankshares decreased their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, CIBC dropped their price target on shares of Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$13.30.

Whitecap Resources Price Performance

Shares of TSE:WCP opened at C$7.78 on Tuesday. The company’s fifty day moving average is C$9.03 and its 200 day moving average is C$9.82. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. Whitecap Resources has a 52 week low of C$6.87 and a 52 week high of C$11.31. The stock has a market cap of C$4.54 billion, a PE ratio of 5.25, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

The business also recently announced a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.0608 per share. Whitecap Resources’s payout ratio is 49.25%.

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang bought 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was acquired at an average price of C$8.45 per share, with a total value of C$84,500.00. Also, Director Grant Bradley Fagerheim purchased 30,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of C$8.42 per share, for a total transaction of C$252,600.00. In the last three months, insiders have bought 98,120 shares of company stock valued at $835,336. 0.84% of the stock is currently 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.