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

Shares of Whitecap Resources Inc. (TSE:WCP) have been assigned an average recommendation of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$15.50.

A number of equities analysts have commented on the stock. TD Securities boosted their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Royal Bank Of Canada boosted their target price on shares of Whitecap Resources from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Raymond James Financial downgraded shares of Whitecap Resources from a “strong-buy” rating to a “moderate buy” rating and boosted their target price for the stock from C$15.00 to C$16.00 in a report on Tuesday, February 24th. BMO Capital Markets boosted their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Finally, Desjardins boosted their target price on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of C$13.76, for a total transaction of C$68,800.00. Following the sale, the director owned 3,278,099 shares in the company, valued at approximately C$45,106,642.24. The trade was a 0.15% decrease in their ownership of the stock. Insiders sold a total of 6,100 shares of company stock worth $83,826 in the last 90 days. 0.84% of the stock is currently owned by insiders.

Whitecap Resources Stock Performance

WCP stock opened at C$14.13 on Tuesday. The company has a market capitalization of C$17.15 billion, a P/E ratio of 14.27, a PEG ratio of -0.33 and a beta of 0.27. The company has a debt-to-equity ratio of 40.03, a current ratio of 0.68 and a quick ratio of 0.67. The business has a 50-day moving average price of C$14.21 and a 200 day moving average price of C$12.34. Whitecap Resources has a 1-year low of C$7.55 and a 1-year high of C$16.03.

Whitecap Resources (TSE:WCP) last announced its earnings results on Monday, February 23rd. The company reported C$0.26 EPS for the quarter. The business had revenue of C$1.51 billion during the quarter. Whitecap Resources had a net margin of 18.38% and a return on equity of 10.14%. As a group, equities research analysts forecast that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.0608 per share. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Whitecap Resources’s payout ratio is presently 73.70%.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.