Analysts Set Whitecap Resources Inc. (TSE:WCP) Price Target at C$13.61

Whitecap Resources Inc. (TSE:WCP) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$13.61.

A number of analysts have weighed in on WCP shares. Jefferies Financial Group reduced their price target on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a research report on Monday, September 16th. ATB Capital reduced their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, October 24th. Canaccord Genuity Group lowered their price target on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. National Bankshares decreased their price objective on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Finally, Desjardins lifted their target price on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Senior Officer Joel Maxwell Armstrong acquired 10,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was bought at an average price of C$10.43 per share, for a total transaction of C$104,300.00. Also, Director Mary-Jo Case acquired 5,000 shares of Whitecap Resources stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of C$10.44 per share, with a total value of C$52,200.00. Insiders have bought 25,000 shares of company stock worth $261,300 over the last three months. Company insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Up 1.3 %

WCP stock opened at C$10.07 on Wednesday. The firm has a market cap of C$6.03 billion, a PE ratio of 8.06, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.31. The company has a fifty day simple moving average of C$10.18 and a 200 day simple moving average of C$10.21. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend is Tuesday, December 31st. Whitecap Resources’s dividend payout ratio (DPR) is presently 58.40%.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.