Whitecap Resources Inc. (TSE:WCP) Receives C$17.00 Average Target Price from Analysts

Whitecap Resources Inc. (TSE:WCP) has earned an average recommendation of “Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$17.00.

WCP has been the subject of a number of analyst reports. TD Securities raised their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Desjardins lifted 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. Canaccord Genuity Group boosted their price objective on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the company a “buy” rating in a report on Tuesday, February 24th. TD upped their target price on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Scotia upped their price target on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock opened at C$16.51 on Wednesday. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. Whitecap Resources has a 52-week low of C$8.68 and a 52-week high of C$17.34. The firm has a market cap of C$20.07 billion, a PE ratio of 22.62, a P/E/G ratio of -0.33 and a beta of 0.14. The business’s 50 day simple moving average is C$15.62 and its 200 day simple moving average is C$13.57.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$1.84 billion for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. On average, analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a $0.0608 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.4%. Whitecap Resources’s dividend payout ratio is presently 99.95%.

Insider Activity at Whitecap Resources

In related news, Director Grant Bradley Fagerheim sold 5,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of C$13.76, for a total value of C$68,800.00. Following the completion of the transaction, the director owned 3,278,099 shares of the company’s stock, valued at C$45,106,642.24. This represents a 0.15% decrease in their position. Also, insider Travis Bjarne Tweit acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 25th. The stock was bought at an average cost of C$16.42 per share, with a total value of C$49,260.00. Following the purchase, the insider owned 227,204 shares in the company, valued at C$3,730,689.68. The trade was a 1.34% increase in their ownership of the stock. In the last three months, insiders sold 6,100 shares of company stock valued at $83,826. 0.84% of the stock is owned by insiders.

About Whitecap Resources

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.