Whitecap Resources (TSE:WCP) Upgraded at Capital One Financial

Capital One Financial upgraded shares of Whitecap Resources (TSE:WCP) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial lifted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 23rd. National Bankshares dropped their price target 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 Wednesday, October 22nd. TD Securities lifted their target price on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Desjardins lifted their target price on shares of Whitecap Resources from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Tudor Pickering raised shares of Whitecap Resources to a “strong-buy” rating in a research note on Wednesday, October 15th. Four investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$14.00.

Whitecap Resources Stock Performance

WCP opened at C$10.61 on Monday. The firm has a market capitalization of C$12.88 billion, a PE ratio of 9.39, a P/E/G ratio of -0.33 and a beta of 0.66. Whitecap Resources has a 12-month low of C$6.87 and a 12-month high of C$11.30. The firm has a 50 day moving average of C$10.57 and a two-hundred day moving average of C$9.63. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 17th will be given a dividend of $0.0608 per share. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. Whitecap Resources’s dividend payout ratio (DPR) is 64.57%.

Insider Activity

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 15,000 shares of the stock in a transaction dated Friday, October 10th. The shares were acquired at an average cost of C$10.60 per share, for a total transaction of C$159,000.00. Following the completion of the transaction, the director owned 3,220,745 shares in the company, valued at approximately C$34,139,897. The trade was a 0.47% increase in their position. Company insiders own 0.84% of the company’s stock.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.