Whitecap Resources Inc. (TSE:WCP) has earned an average recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$13.00.
Several analysts recently weighed in on the company. Barclays increased their price target on Whitecap Resources from C$10.00 to C$11.00 in a report on Thursday, November 2nd. National Bank Financial cut their price objective on Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a research report on Friday, October 13th. TD Securities increased their price target on Whitecap Resources from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Raymond James Financial increased their price target on Whitecap Resources from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets increased their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 5th.
In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,200 shares of the company’s stock in a transaction on Monday, December 4th. The shares were bought at an average cost of C$8.91 per share, with a total value of C$90,882.00.
Shares of Whitecap Resources (TSE WCP) opened at C$8.95 on Friday. The stock has a market capitalization of $3,770.00, a P/E ratio of 11.19 and a beta of 1.03. Whitecap Resources has a twelve month low of C$8.31 and a twelve month high of C$12.76.
The firm also recently declared a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.023 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, November 29th. Whitecap Resources’s dividend payout ratio (DPR) is presently 34.95%.
About Whitecap Resources
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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