Whitecap Resources Inc. (TSE:WCP) Receives C$15.50 Consensus PT from Brokerages

Shares of Whitecap Resources Inc. (TSE:WCP) have been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$15.50.

Several research firms recently issued reports on WCP. Raymond James Financial lowered Whitecap Resources from a “strong-buy” rating to a “moderate buy” rating and raised their price target for the stock from C$15.00 to C$16.00 in a research report on Tuesday, February 24th. TD Securities raised their price target on 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. Canaccord Genuity Group raised their price target on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Royal Bank Of Canada raised their price target on Whitecap Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Desjardins raised their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th.

Whitecap Resources Stock Performance

TSE:WCP opened at C$14.53 on Tuesday. The business’s 50-day moving average price is C$14.15 and its two-hundred day moving average price is C$12.27. Whitecap Resources has a twelve month low of C$7.55 and a twelve month high of C$16.03. The stock has a market cap of C$17.64 billion, a P/E ratio of 14.68, a PEG ratio of -0.33 and a beta of 0.27. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 40.03.

Whitecap Resources (TSE:WCP) last released its quarterly 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 for the quarter. Whitecap Resources had a return on equity of 10.14% and a net margin of 18.38%. As a group, equities analysts predict that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be given a $0.0608 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is currently 73.70%.

Whitecap Resources Company Profile

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.