Whitecap Resources Inc. (TSE:WCP) Receives C$18.55 Average Price Target from Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have been assigned an average rating of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$18.55.

Several research analysts have recently issued reports on WCP shares. Raymond James Financial raised their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. National Bank Financial increased their price target on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Scotia raised their price target on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. ATB Cormark Capital Markets boosted their price objective on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, July 6th. The shares were bought at an average price of C$14.46 per share, for a total transaction of C$144,600.00. Following the acquisition, the director directly owned 3,308,099 shares in the company, valued at approximately C$47,835,111.54. This trade represents a 0.30% increase in their ownership of the stock. Also, insider Joseph Adam Wong purchased 7,500 shares of the stock in a transaction on Monday, July 6th. The shares were acquired at an average cost of C$14.46 per share, with a total value of C$108,450.00. Following the transaction, the insider directly owned 111,416 shares in the company, valued at C$1,611,075.36. The trade was a 7.22% increase in their ownership of the stock. Insiders have acquired a total of 31,500 shares of company stock worth $481,010 in the last 90 days. Company insiders own 0.84% of the company’s stock.

Whitecap Resources Trading Down 1.4%

Shares of WCP stock opened at C$16.46 on Thursday. The business has a 50-day moving average of C$15.90 and a 200 day moving average of C$14.55. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. Whitecap Resources has a 1-year low of C$9.79 and a 1-year high of C$17.34. The stock has a market capitalization of C$20.01 billion, a PE ratio of 22.55, a P/E/G ratio of -0.33 and a beta of 0.18.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%.The business had revenue of C$1.84 billion for the quarter. As a group, sell-side analysts anticipate that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid a $0.0608 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.4%. Whitecap Resources’s dividend payout ratio (DPR) is presently 99.95%.

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.