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

Whitecap Resources Inc. (TSE:WCP) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$13.68.

Several equities analysts recently commented on WCP shares. Canaccord Genuity Group dropped their target price on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Raymond James upgraded Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. ATB Capital decreased their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Desjardins increased their price target on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

Whitecap Resources Stock Down 0.9 %

WCP stock opened at C$9.96 on Friday. The company’s 50 day moving average price is C$10.13 and its 200 day moving average price is C$10.25. The firm has a market capitalization of C$5.97 billion, a price-to-earnings ratio of 7.97, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.31. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C$0.46 EPS for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.21. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. On average, equities research analysts anticipate that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.73 annualized dividend and a yield of 7.33%. Whitecap Resources’s dividend payout ratio (DPR) is 58.40%.

Insider Buying and Selling

In related news, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of C$10.43 per share, with a total value of C$104,300.00. Also, Director Mary-Jo Case purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average cost of C$10.44 per share, with a total value of C$52,200.00. Insiders acquired a total of 25,000 shares of company stock worth $261,300 in the last 90 days. Company insiders own 0.84% of the company’s stock.

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.