Whitecap Resources Inc. (TSE:WCP) Receives Average Recommendation of “Buy” from Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average rating of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$18.55.

A number of equities research analysts recently issued reports on WCP shares. Desjardins set a C$22.00 price objective on Whitecap Resources and gave the company a “buy” rating in a research note on Friday, July 17th. National Bank Financial lifted their target price on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada boosted their price target on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th.

Whitecap Resources Price Performance

Shares of TSE WCP opened at C$18.71 on Friday. The stock has a fifty day simple moving average of C$16.78 and a two-hundred day simple moving average of C$15.79. Whitecap Resources has a 1-year low of C$10.08 and a 1-year high of C$19.08. The firm has a market cap of C$22.75 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of -0.33 and a beta of 0.21. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%.The firm had revenue of C$2.35 billion for the quarter. Analysts anticipate that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a $0.0608 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, July 31st. Whitecap Resources’s payout ratio is currently 65.14%.

Insiders Place Their Bets

In related news, insider Travis Bjarne Tweit purchased 3,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of C$15.48 per share, with a total value of C$46,440.00. Following the completion of the acquisition, the insider directly owned 230,204 shares of the company’s stock, valued at approximately C$3,563,557.92. The trade was a 1.32% increase in their ownership of the stock. Also, Director Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock in a transaction dated Monday, July 6th. The stock was bought at an average price of C$14.46 per share, with a total value of C$144,600.00. Following the completion of the transaction, the director owned 3,308,099 shares of the company’s stock, valued at C$47,835,111.54. This represents a 0.30% increase in their position. Insiders have purchased a total of 20,500 shares of company stock worth $299,490 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

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.