Whitecap Resources Inc. (TSE:WCP) Given Average Recommendation of “Buy” by Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have been given an average recommendation of “Buy” by the ten brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$13.61.

A number of analysts have commented on the stock. CIBC boosted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Stifel Nicolaus boosted their price target on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Canaccord Genuity Group boosted their price target on shares of Whitecap Resources from C$14.00 to C$14.50 and gave the company a “buy” rating in a research note on Thursday, April 25th. Royal Bank of Canada boosted their price target on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, BMO Capital Markets upped their target price on shares of Whitecap Resources from C$13.00 to C$14.00 in a research note on Thursday, April 25th.

Whitecap Resources Stock Up 1.7 %

Whitecap Resources stock opened at C$10.18 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 26.11. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.91. The firm’s fifty day moving average is C$10.23 and its 200 day moving average is C$9.69. The company has a market capitalization of C$6.10 billion, a PE ratio of 9.01, a PEG ratio of -0.33 and a beta of 2.77.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). The business had revenue of C$933.30 million for the quarter, compared to the consensus estimate of C$787.00 million. Whitecap Resources had a net margin of 21.27% and a return on equity of 12.91%. As a group, sell-side analysts predict that Whitecap Resources will post 1.0901468 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.73 annualized dividend and a yield of 7.19%. Whitecap Resources’s payout ratio is currently 64.60%.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, June 3rd. The stock was bought at an average price of C$10.15 per share, for a total transaction of C$101,500.00. In related news, Senior Officer Thanh Chan Kang purchased 2,970 shares of Whitecap Resources stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of C$10.60 per share, for a total transaction of C$31,482.00. Also, Director Grant Bradley Fagerheim acquired 10,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were acquired at an average cost of C$10.15 per share, for a total transaction of C$101,500.00. Over the last 90 days, insiders purchased 37,970 shares of company stock worth $393,582. 0.82% of the stock is owned by company insiders.

Whitecap Resources Company Profile

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.