Whitecap Resources Inc. (TSE:WCP) Receives C$13.57 Consensus PT from Brokerages

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average recommendation of “Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$13.57.

Several brokerages have commented on WCP. National Bankshares cut their target price on Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Jefferies Financial Group lowered their price target on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Royal Bank of Canada raised Whitecap Resources to a “moderate buy” rating in a report on Friday, July 26th. Finally, Scotiabank raised their price target on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th.

Whitecap Resources Stock Up 0.4 %

WCP stock opened at C$11.03 on Friday. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The company has a market capitalization of C$6.61 billion, a price-to-earnings ratio of 8.82, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.35. The stock has a fifty day moving average of C$10.27 and a 200-day moving average of C$10.28.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, topping the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. The company had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$946.00 million. As a group, equities research analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.061 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.73 dividend on an annualized basis and a yield of 6.64%. Whitecap Resources’s dividend payout ratio (DPR) is currently 58.40%.

Insiders Place Their Bets

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00. Insiders own 0.84% of the company’s stock.

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.