Brokerages Set Whitecap Resources Inc. (TSE:WCP) PT at C$15.15

Shares of Whitecap Resources Inc. (TSE:WCP) have received a consensus recommendation of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$15.15.

Several equities research analysts recently weighed in on the stock. TD Securities upped their price objective on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. BMO Capital Markets boosted their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. National Bank Financial upped their price target on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. ATB Cormark Capital Markets increased their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “moderate buy” rating in a research report on Tuesday, February 24th. Finally, Desjardins lifted their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th.

Whitecap Resources Price Performance

Whitecap Resources stock opened at C$14.93 on Friday. The firm has a market cap of C$18.12 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of -0.33 and a beta of 0.67. The company has a debt-to-equity ratio of 40.03, a current ratio of 0.68 and a quick ratio of 0.67. The stock’s fifty day moving average price is C$13.07 and its two-hundred day moving average price is C$11.73. Whitecap Resources has a one year low of C$6.87 and a one year high of C$15.11.

Whitecap Resources (TSE:WCP) last released its earnings results on Monday, February 23rd. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$1.51 billion during the quarter. Whitecap Resources had a return on equity of 10.14% and a net margin of 18.38%. As a group, research analysts expect that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were issued a dividend of $0.0608 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. Whitecap Resources’s payout ratio is 73.70%.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.