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

Whitecap Resources Inc. (TSE:WCP) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.47 and traded as high as C$14.13. Whitecap Resources shares last traded at C$13.72, with a volume of 10,149,046 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WCP shares. National Bank Financial lifted 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. BMO Capital Markets increased their price objective on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Royal Bank Of Canada boosted their target price on Whitecap Resources from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. TD Securities upped their price target on 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. Finally, Scotiabank increased their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$15.15.

Whitecap Resources Stock Performance

The stock has a market cap of C$16.99 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of -0.33 and a beta of 0.67. The company’s fifty day simple moving average is C$12.59 and its two-hundred day simple moving average is C$11.51. The company has a debt-to-equity ratio of 40.03, a current ratio of 0.68 and a quick ratio of 0.67.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a yield of 5.2%. Whitecap Resources’s dividend payout ratio (DPR) is presently 73.70%.

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.