Whitecap Resources Inc. (TSE:WCP) Receives C$13.61 Average PT from Analysts

Whitecap Resources Inc. (TSE:WCP) has been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$13.61.

Several equities analysts have issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. National Bankshares reduced their target price on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Desjardins increased their price target on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. ATB Capital reduced their target price on shares of 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, Jefferies Financial Group cut their price target on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, September 16th.

Whitecap Resources Trading Up 1.3 %

TSE:WCP opened at C$10.07 on Wednesday. The stock has a market cap of C$6.03 billion, a P/E ratio of 8.06, a P/E/G 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 debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The stock has a 50-day simple moving average of C$10.18 and a 200-day simple moving average of C$10.22.

Whitecap Resources Announces Dividend

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

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of C$10.48 per share, for a total transaction of C$104,800.00. Also, Director Mary-Jo Case acquired 5,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of C$10.44 per share, for a total transaction of C$52,200.00. In the last three months, insiders acquired 25,000 shares of company stock worth $261,300. 0.84% of the stock is owned by corporate insiders.

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.