Whitecap Resources (TSE:WCP) Stock Passes Above 200 Day Moving Average of $9.55

Whitecap Resources Inc. (TSE:WCP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.55 and traded as high as C$10.40. Whitecap Resources shares last traded at C$10.35, with a volume of 1,499,343 shares trading hands.

Wall Street Analyst Weigh In

WCP has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a report on Tuesday, April 23rd. CIBC upped 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. ATB Capital lowered their target price on Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Royal Bank of Canada boosted their price target on Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets raised their price objective on Whitecap Resources from C$13.00 to C$14.00 in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Whitecap Resources presently has a consensus rating of “Buy” and a consensus target price of C$13.56.

Whitecap Resources Stock Up 0.7 %

The company has a debt-to-equity ratio of 26.11, a quick ratio of 0.67 and a current ratio of 0.71. The company has a market cap of C$6.20 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of -0.33 and a beta of 2.77. The business’s fifty day moving average is C$10.37 and its two-hundred day moving average is C$9.55.

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 firm had revenue of C$933.30 million during the quarter, compared to the consensus estimate of C$787.00 million. Equities analysts predict that Whitecap Resources Inc. will post 1.0901468 EPS for the current year.

Whitecap Resources Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.061 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.07%. This is a positive change from Whitecap Resources’s previous monthly dividend of $0.06. The ex-dividend date is Thursday, May 30th. Whitecap Resources’s payout ratio is presently 64.60%.

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction dated Monday, April 29th. The stock was purchased at an average price of C$10.69 per share, with a total value of C$106,900.00. In other news, Senior Officer Thanh Chan Kang bought 2,970 shares of Whitecap Resources stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of C$10.60 per share, for a total transaction of C$31,482.00. Also, Director Grant Bradley Fagerheim purchased 10,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were purchased at an average price of C$10.69 per share, for a total transaction of C$106,900.00. Insiders have purchased 27,970 shares of company stock worth $292,082 over the last quarter. Insiders own 0.82% 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.