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

Whitecap Resources Inc. (TSE:WCP) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$13.68.

A number of equities analysts recently issued reports on WCP shares. National Bankshares cut their target price on Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. ATB Capital dropped their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Canaccord Genuity Group cut their price target on Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. Finally, Desjardins increased their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Insider Activity at Whitecap Resources

In related news, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were purchased at an average cost 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 firm’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of C$10.44 per share, with a total value of C$52,200.00. Over the last three months, insiders acquired 25,000 shares of company stock valued at $261,300. 0.84% of the stock is owned by insiders.

Whitecap Resources Price Performance

Shares of TSE WCP opened at C$10.08 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The firm’s 50-day moving average price is C$10.14 and its 200-day moving average price is C$10.25. The firm has a market capitalization of C$6.04 billion, a P/E ratio of 8.06, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.31.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C$0.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

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