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

Whitecap Resources Inc. (TSE:WCP) has been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the stock, MarketBeat reports. Ten investment 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 analysts that have updated their coverage on the stock in the last year is C$17.00.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial boosted their price target on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. ATB Cormark Capital Markets upped their target price on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. TD Securities upped their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Raymond James Financial upped 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 research note on Thursday, April 30th. Finally, TD upped their target price on shares of Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 5,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of C$13.76, for a total value of C$68,800.00. Following the sale, the director directly owned 3,278,099 shares of the company’s stock, valued at approximately C$45,106,642.24. This represents a 0.15% decrease in their position. Also, insider Travis Bjarne Tweit acquired 3,000 shares of the company’s stock in a transaction on Monday, May 25th. The stock was purchased at an average cost of C$16.42 per share, for a total transaction of C$49,260.00. Following the completion of the transaction, the insider owned 227,204 shares in the company, valued at approximately C$3,730,689.68. The trade was a 1.34% increase in their position. Over the last ninety days, insiders have sold 6,100 shares of company stock worth $83,826. 0.84% of the stock is owned by insiders.

Whitecap Resources Price Performance

Whitecap Resources stock opened at C$16.53 on Wednesday. The company’s 50 day simple moving average is C$15.46 and its 200-day simple moving average is C$13.40. The company has a market capitalization of C$20.09 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of -0.33 and a beta of 0.38. Whitecap Resources has a 1 year low of C$8.56 and a 1 year high of C$17.33. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$1.84 billion for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. As a group, equities research analysts expect 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 was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.0608 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, April 30th. Whitecap Resources’s dividend payout ratio 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.