Whitecap Resources Inc. (TSE:WCP) Given Average Rating of “Buy” by Analysts

Whitecap Resources Inc. (TSE:WCP) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$14.33.

A number of analysts recently issued reports on WCP shares. Capital One Financial upgraded shares of Whitecap Resources to a “strong-buy” rating in a research report on Monday, October 27th. Tudor Pickering upgraded Whitecap Resources to a “strong-buy” rating in a report on Wednesday, October 15th. Desjardins lifted their price objective on Whitecap Resources from C$13.50 to C$14.00 and gave the company a “buy” rating in a research report on Monday. Raymond James Financial increased 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 report on Thursday, October 23rd. Finally, Scotiabank raised their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th.

Whitecap Resources Trading Down 0.2%

Shares of WCP stock opened at C$12.63 on Thursday. The firm has a 50-day moving average price of C$11.57 and a 200 day moving average price of C$10.86. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$12.80. The company has a market capitalization of C$15.33 billion, a price-to-earnings ratio of 11.18, a PEG ratio of -0.33 and a beta of 0.62. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58.

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

Whitecap Resources Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given 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 5.8%. Whitecap Resources’s dividend payout ratio (DPR) is currently 64.57%.

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.