Whitecap Resources Inc. (TSE:WCP) Receives C$13.85 Average PT from Brokerages

Whitecap Resources Inc. (TSE:WCPGet Free Report) has received a consensus recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$13.85.

WCP has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on Whitecap Resources from C$12.00 to C$12.50 in a report on Monday, October 16th. National Bankshares decreased their price objective on Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. CIBC decreased their price objective on Whitecap Resources from C$15.00 to C$14.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. Desjardins decreased their price objective on Whitecap Resources from C$14.00 to C$13.50 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, ATB Capital cut their price target on Whitecap Resources from C$16.00 to C$15.50 in a research note on Tuesday, January 2nd.

Get Our Latest Analysis on Whitecap Resources

Insiders Place Their Bets

In other Whitecap Resources news, Senior Officer Joel Maxwell Armstrong acquired 7,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of C$9.31 per share, for a total transaction of C$65,170.00. In other news, Senior Officer Joel Maxwell Armstrong bought 7,000 shares of the stock in a transaction on Thursday, November 16th. The shares were bought at an average price of C$9.31 per share, with a total value of C$65,170.00. Also, Director Grant Bradley Fagerheim bought 15,000 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average cost of C$9.47 per share, for a total transaction of C$142,050.00. Over the last quarter, insiders acquired 50,123 shares of company stock worth $458,017. 0.74% of the stock is owned by corporate insiders.

Whitecap Resources Stock Performance

Shares of WCP opened at C$8.36 on Friday. The stock has a 50 day moving average price of C$8.89 and a 200 day moving average price of C$10.14. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 22.40. The company has a market capitalization of C$5.07 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of -0.33 and a beta of 2.65. Whitecap Resources has a 52-week low of C$8.15 and a 52-week high of C$11.91.

Whitecap Resources Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be given a $0.0608 dividend. This represents a $0.73 annualized dividend and a yield of 8.73%. The ex-dividend date of this dividend is Tuesday, January 30th. Whitecap Resources’s payout ratio is 42.00%.

Whitecap Resources Company Profile

(Get Free Report

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.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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