Whitecap Resources (TSE:WCP) Posts Earnings Results

Whitecap Resources (TSE:WCP) issued its quarterly earnings results on Wednesday. The company reported C$0.27 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$2.14 billion during the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock traded up C$0.20 during trading hours on Wednesday, reaching C$20.43. The company’s stock had a trading volume of 4,434,088 shares, compared to its average volume of 6,113,631. Whitecap Resources has a one year low of C$10.18 and a one year high of C$20.79. The company’s 50 day simple moving average is C$18.67 and its 200 day simple moving average is C$15.83. The company has a debt-to-equity ratio of 24.14, a quick ratio of 0.67 and a current ratio of 0.56. The stock has a market cap of C$24.84 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were given a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, July 31st. Whitecap Resources’s dividend payout ratio (DPR) is presently 65.14%.

Wall Street Analysts Forecast Growth

WCP has been the subject of several recent analyst reports. Desjardins raised their price objective on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Royal Bank Of Canada upped their target price on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. ATB Cormark Capital Markets increased their price target on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. TD increased their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. Finally, National Bank Financial lifted their price target on Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$19.77.

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.