Whitecap Resources (TSE:WCP) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Whitecap Resources Inc. (TSE:WCP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.57 and traded as high as C$11.70. Whitecap Resources shares last traded at C$11.69, with a volume of 3,220,392 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Tudor Pickering raised Whitecap Resources to a “strong-buy” rating in a research report on Wednesday, October 15th. Capital One Financial upgraded Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. Desjardins upped their target price on Whitecap Resources from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Friday, October 24th. National Bankshares set a C$15.00 target price on Whitecap Resources and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, TD Securities lifted their price target 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. Four equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Whitecap Resources has a consensus rating of “Buy” and a consensus target price of C$14.08.

Whitecap Resources Trading Up 1.7%

The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The business has a fifty day simple moving average of C$11.27 and a 200 day simple moving average of C$10.57. The company has a market cap of C$14.19 billion, a P/E ratio of 10.35, a P/E/G ratio of -0.33 and a beta of 0.55.

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

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were issued a $0.0608 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 6.2%. Whitecap Resources’s dividend payout ratio (DPR) is 64.57%.

Insider Buying and Selling at Whitecap Resources

In other news, Director Bradley John Wall bought 2,800 shares of Whitecap Resources stock in a transaction on Wednesday, October 29th. The stock was purchased 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 of the company’s stock, valued at approximately C$40,660. This trade represents a 280.00% increase in their position. Also, Director Grant Bradley Fagerheim purchased 15,000 shares of Whitecap Resources stock in a transaction on Friday, October 10th. The shares were acquired at an average price of C$10.60 per share, with a total value of C$159,000.00. Following the transaction, 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 company insiders.

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. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.