Whitecap Resources (TSE:WCP) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Whitecap Resources Inc. (TSE:WCP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.25 and traded as high as C$10.35. Whitecap Resources shares last traded at C$10.35, with a volume of 2,015,725 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on the stock. National Bankshares decreased their price objective on shares of Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Raymond James upgraded Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Desjardins boosted their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Canaccord Genuity Group decreased their target price on Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. Finally, ATB Capital dropped their price target 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.61.

Whitecap Resources Stock Up 1.3 %

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 firm has a market capitalization of C$6.20 billion, a PE ratio of 8.28, a PEG ratio of -0.33 and a beta of 2.67. The company has a fifty day moving average price of C$10.17 and a 200-day moving average price of C$10.25.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Tuesday, December 31st. Whitecap Resources’s payout ratio is 58.40%.

Insider Buying and Selling at Whitecap Resources

In related news, Senior Officer Joel Maxwell Armstrong purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were 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 purchased 5,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average price of C$10.44 per share, with a total value of C$52,200.00. Insiders acquired 25,000 shares of company stock worth $261,300 over the last 90 days. 0.84% of the stock is owned by 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.