Chandra Henry Acquires 10,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Chandra Henry acquired 10,000 shares of Whitecap Resources stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of C$10.00 per share, with a total value of C$100,000.00.

Whitecap Resources Trading Down 0.3 %

TSE:WCP opened at C$10.24 on Friday. The stock has a market cap of C$6.13 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of -0.33 and a beta of 2.77. Whitecap Resources Inc. has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.91. The company has a debt-to-equity ratio of 26.11, a current ratio of 0.71 and a quick ratio of 0.67. The stock’s 50-day moving average is C$10.19 and its two-hundred day moving average is C$9.74.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.14). Whitecap Resources had a net margin of 21.27% and a return on equity of 12.91%. The company had revenue of C$933.30 million during the quarter, compared to analyst estimates of C$787.00 million. As a group, equities research analysts forecast that Whitecap Resources Inc. will post 1.0901468 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.73 dividend on an annualized basis and a yield of 7.15%. Whitecap Resources’s payout ratio is 64.60%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. CIBC raised their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Scotiabank boosted their target price on Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday. Stifel Nicolaus increased their price target on Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their price objective on Whitecap Resources from C$13.00 to C$14.00 in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$13.61.

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.