Brokerages Set Whitecap Resources Inc. (TSE:WCP) Price Target at C$13.68

Shares of Whitecap Resources Inc. (TSE:WCP) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$13.68.

A number of research analysts recently commented on the company. Canaccord Genuity Group decreased their price target on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. ATB Capital dropped 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 report on Thursday, October 24th. Raymond James upgraded shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Desjardins boosted their price objective on shares of 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. Finally, National Bankshares decreased their price target on Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th.

Insider Activity at Whitecap Resources

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

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$10.08 on Friday. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.31. The company’s 50 day moving average price is C$10.14 and its two-hundred day moving average price is C$10.25. The firm has a market cap of C$6.04 billion, a PE ratio of 8.06, a PEG ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported C$0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.21. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. Equities research analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.24%. The ex-dividend date is Friday, January 31st. Whitecap Resources’s dividend payout ratio is currently 58.40%.

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.