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

Shares of Whitecap Resources Inc. (TSE:WCP) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$13.68.

A number of analysts have commented on the stock. ATB Capital decreased their price target 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. Canaccord Genuity Group decreased their price target on shares of Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. National Bankshares decreased their price target 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, January 30th. Finally, Desjardins boosted their price target on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

Whitecap Resources Stock Down 0.1 %

Whitecap Resources stock opened at C$9.72 on Thursday. The company has a market capitalization of C$5.68 billion, a PE ratio of 6.56, a PEG ratio of -0.33 and a beta of 2.67. The firm’s fifty day moving average is C$9.97 and its 200 day moving average is C$10.20. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. Whitecap Resources has a 12-month low of C$8.41 and a 12-month high of C$11.31.

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.0608 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 7.51%. Whitecap Resources’s payout ratio is 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.