Whitecap Resources (TSE:WCP) Sets New 52-Week High at $11.91

Whitecap Resources Inc. (TSE:WCP)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$11.91 and last traded at C$11.76, with a volume of 145901 shares trading hands. The stock had previously closed at C$11.84.

Analyst Ratings Changes

WCP has been the topic of several research analyst reports. Raymond James raised their price objective on Whitecap Resources from C$15.00 to C$16.00 and gave the company a “strong-buy” rating in a research note on Friday, September 8th. Stifel Nicolaus increased their target price on Whitecap Resources from C$13.75 to C$14.75 and gave the company a “buy” rating in a research report on Friday, September 1st. Royal Bank of Canada increased their target price on Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Barclays dropped their target price on Whitecap Resources from C$14.00 to C$13.00 in a research report on Friday, June 30th. Finally, Desjardins dropped their target price on Whitecap Resources from C$14.50 to C$12.75 and set a “buy” rating for the company in a research report on Tuesday, July 25th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$14.55.

Whitecap Resources Stock Down 1.0 %

The stock has a fifty day moving average of C$10.78 and a 200 day moving average of C$10.30. The firm has a market capitalization of C$7.10 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of -0.33 and a beta of 2.88. The company has a debt-to-equity ratio of 24.26, a current ratio of 0.87 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings results on Wednesday, July 26th. The company reported C$0.29 EPS for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.04. The business had revenue of C$873.40 million for the quarter. Whitecap Resources had a return on equity of 21.71% and a net margin of 31.05%. On average, research analysts anticipate that Whitecap Resources Inc. will post 1.1263362 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a $0.048 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.58 annualized dividend and a dividend yield of 4.91%. Whitecap Resources’s payout ratio is presently 32.77%.

Insider Activity at Whitecap Resources

In related news, Director Vineeta Maguire acquired 10,683 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of C$9.36 per share, for a total transaction of C$99,992.88. 0.75% of the stock is currently owned by corporate insiders.

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. Whitecap Resources Inc was founded in 2009 and is headquartered in Calgary, Canada.