Whitecap Resources Inc. (TSE:WCP) Stock Has Consensus Price Target of C$18.91 According to Brokerages

Whitecap Resources Inc. (TSE:WCP) has earned an average recommendation of “Buy” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$18.91.

Several equities analysts have commented on the stock. TD increased their target price on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. National Bank Financial boosted their price target on Whitecap Resources from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. Finally, Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a “buy” rating in a research report on Friday, July 17th.

Whitecap Resources Stock Performance

Shares of WCP opened at C$18.69 on Tuesday. The company’s fifty day moving average is C$17.90 and its 200-day moving average is C$16.45. Whitecap Resources has a 12 month low of C$10.08 and a 12 month high of C$19.39. The firm has a market cap of C$22.73 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29. The company has a quick ratio of 0.67, a current ratio of 0.56 and a debt-to-equity ratio of 24.14.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. The business had revenue of C$2.35 billion during the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. Equities analysts expect that Whitecap Resources will post 1.12 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a dividend of $0.0608 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.9%. Whitecap Resources’s dividend payout ratio is currently 65.14%.

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.