Whitecap Resources Inc. (TSE:WCP) Receives C$13.68 Average PT from Analysts

Whitecap Resources Inc. (TSE:WCP) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$13.52.

Several brokerages have recently weighed in on WCP. Desjardins decreased their target price on shares of Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Tuesday. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective on the stock in a report on Tuesday. Finally, National Bankshares dropped 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, January 30th.

Insider Activity

In related news, Senior Officer Thanh Chan Kang purchased 9,720 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of C$8.43 per share, with a total value of C$81,939.60. Also, Director Grant Bradley Fagerheim purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of C$8.42 per share, with a total value of C$252,600.00. 0.84% of the stock is currently owned by corporate insiders.

Whitecap Resources Stock Up 3.1 %

WCP opened at C$8.56 on Monday. Whitecap Resources has a fifty-two week low of C$7.88 and a fifty-two week high of C$11.31. The company has a market capitalization of C$5.00 billion, a P/E ratio of 5.78, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The firm’s fifty day moving average price is C$9.81 and its two-hundred day moving average price is C$10.10.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date is Friday, February 28th. Whitecap Resources’s dividend payout ratio is currently 49.25%.

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.