Whitecap Resources Inc. (TSE:WCP) Given Average Rating of “Buy” by Analysts

Shares of Whitecap Resources Inc. (TSE:WCP – Get Rating) have earned an average rating of “Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$14.30.

Several equities research analysts recently weighed in on WCP shares. BMO Capital Markets decreased their price target on Whitecap Resources from C$14.00 to C$12.00 in a report on Tuesday, December 13th. Stifel Nicolaus reduced their target price on Whitecap Resources from C$14.00 to C$13.50 in a report on Wednesday, December 21st. Barclays set a C$14.00 target price on Whitecap Resources and gave the company an “overweight” rating in a report on Wednesday, January 18th. National Bankshares reduced their target price on Whitecap Resources from C$17.50 to C$15.50 in a report on Friday, September 30th. Finally, Raymond James reduced their target price on Whitecap Resources from C$17.00 to C$16.00 in a report on Friday, October 14th.

Whitecap Resources Stock Performance

Shares of WCP opened at C$11.17 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 42.83. The company’s 50 day simple moving average is C$10.42 and its 200-day simple moving average is C$9.86. Whitecap Resources has a 12-month low of C$7.70 and a 12-month high of C$12.71. The firm has a market cap of C$6.82 billion and a PE ratio of 4.47.

Whitecap Resources (TSE:WCP – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported C$0.53 earnings per share for the quarter, topping the consensus estimate of C$0.40 by C$0.13. The company had revenue of C$1.16 billion for the quarter. As a group, equities analysts predict that Whitecap Resources will post 1.73 EPS for the current year.

Whitecap Resources Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be issued a $0.0483 dividend. This is a boost from Whitecap Resources’s previous monthly dividend of $0.04. The ex-dividend date is Monday, January 30th. This represents a $0.58 annualized dividend and a yield of 5.19%. Whitecap Resources’s payout ratio is 13.70%.

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 130,000 shares of Whitecap Resources stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of C$9.99, for a total value of C$1,298,700.00. Following the completion of the sale, the director now owns 581,200 shares in the company, valued at approximately C$5,806,188.

About Whitecap Resources

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Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.