Whitecap Resources (TSE:WCP) Price Target Raised to C$14.00

Whitecap Resources (TSE:WCP) had its price target hoisted by Desjardins from C$13.50 to C$14.00 in a report issued on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on the company. National Bankshares set a C$15.00 price objective on Whitecap Resources and gave the company an “outperform” rating in a research report on Friday, January 9th. Capital One Financial raised Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. Tudor Pickering upgraded Whitecap Resources to a “strong-buy” rating in a report on Wednesday, October 15th. TD Securities upped their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Raymond James Financial increased their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$14.33.

Whitecap Resources Trading Down 0.2%

Shares of WCP opened at C$12.63 on Monday. The firm has a market cap of C$15.33 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of -0.33 and a beta of 0.62. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. Whitecap Resources has a 1 year low of C$6.87 and a 1 year high of C$12.80. The company has a 50 day simple moving average of C$11.57 and a two-hundred day simple moving average of C$10.86.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, October 22nd. The company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$1.55 billion during the quarter. Whitecap Resources had a net margin of 24.23% and a return on equity of 15.86%. On average, equities analysts expect that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a $0.0608 dividend. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. Whitecap Resources’s payout ratio is 64.57%.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.