Whitecap Resources Inc. (TSE:WCP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$13.61.

Several analysts have commented on WCP shares. Canaccord Genuity Group lowered their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Raymond James raised shares of Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. ATB Capital reduced their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, October 24th. National Bankshares decreased their target price on Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Finally, Jefferies Financial Group dropped their price target on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, September 16th.

Whitecap Resources Trading Down 0.5 %

TSE WCP opened at C$10.23 on Friday. The business’s fifty day moving average is C$10.47 and its 200-day moving average is C$10.28. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. The stock has a market capitalization of C$6.13 billion, a price-to-earnings ratio of 8.18, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.31.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.0608 per share. The ex-dividend date is Friday, November 29th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.13%. Whitecap Resources’s payout ratio is 58.40%.

Insiders Place Their Bets

In other news, Senior Officer Joel Maxwell Armstrong purchased 10,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of C$10.43 per share, with a total value of C$104,300.00. Also, Director Mary-Jo Case purchased 5,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was purchased at an average cost of C$10.44 per share, for a total transaction of C$52,200.00. Insiders purchased a total of 25,000 shares of company stock worth $261,300 in the last quarter. 0.84% of the stock is owned by company insiders.

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.