Whitecap Resources (TSE:WCP) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Whitecap Resources Inc. (TSE:WCP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.71 and traded as high as C$16.98. Whitecap Resources shares last traded at C$16.64, with a volume of 6,266,850 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James Financial boosted their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Desjardins boosted their target price 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. Scotiabank upgraded Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Scotia boosted their price objective on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$17.00.

Whitecap Resources Price Performance

The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. The company has a 50-day moving average of C$15.75 and a 200-day moving average of C$13.73. The firm has a market capitalization of C$19.86 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of -0.33 and a beta of 0.14.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share (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 during the quarter. As a group, research analysts anticipate that Whitecap Resources Inc. will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a $0.0608 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.5%. Whitecap Resources’s payout ratio is presently 99.95%.

Insider Activity at Whitecap Resources

In other news, insider Travis Bjarne Tweit bought 3,000 shares of the business’s stock in a transaction on Monday, May 25th. The shares were purchased at an average price of C$16.42 per share, for a total transaction of C$49,260.00. Following the purchase, the insider owned 227,204 shares of the company’s stock, valued at approximately C$3,730,689.68. The trade was a 1.34% increase in their position. Also, Director Grant Bradley Fagerheim bought 5,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average price of C$16.30 per share, for a total transaction of C$81,500.00. Following the purchase, the director directly owned 3,287,599 shares in the company, valued at approximately C$53,587,863.70. This represents a 0.15% increase in their position. In the last 90 days, insiders acquired 11,000 shares of company stock worth $181,520 and sold 6,100 shares worth $83,826. Insiders own 0.84% of the company’s stock.

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.