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

Whitecap Resources Inc. (TSE:WCP) has earned an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$14.08.

WCP has been the subject of a number of research reports. Capital One Financial raised Whitecap Resources to a “strong-buy” rating in a report on Monday, October 27th. Raymond James Financial upped their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “strong-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 company a “buy” rating in a report on Friday, October 24th. National Bankshares set a C$15.00 price target on shares of Whitecap Resources and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Tudor Pickering upgraded shares of Whitecap Resources to a “strong-buy” rating in a research report on Wednesday, October 15th.

Whitecap Resources Stock Down 1.6%

WCP stock opened at C$11.59 on Wednesday. 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$12.02. The stock has a market capitalization of C$14.07 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of -0.33 and a beta of 0.55. The firm has a 50 day moving average of C$10.94 and a 200 day moving average of C$10.26.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.17 EPS for the quarter. Whitecap Resources had a net margin of 24.23% and a return on equity of 15.86%. The business had revenue of C$1.55 billion during the quarter. Sell-side analysts forecast that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were issued a $0.0608 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, October 31st. Whitecap Resources’s dividend payout ratio (DPR) is presently 64.57%.

Insider Buying and Selling

In other Whitecap Resources news, Director Bradley John Wall bought 2,800 shares of Whitecap Resources stock in a transaction dated Wednesday, October 29th. The stock was acquired at an average cost of C$10.70 per share, with a total value of C$29,960.00. Following the purchase, the director directly owned 3,800 shares in the company, valued at C$40,660. This represents a 280.00% increase in their position. Also, Director Grant Bradley Fagerheim purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was bought at an average cost of C$10.60 per share, for a total transaction of C$159,000.00. Following the purchase, the director directly owned 3,220,745 shares in the company, valued at C$34,139,897. This trade represents a 0.47% increase in their position. 0.84% of the stock is owned by insiders.

Whitecap Resources Company Profile

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.