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

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$15.15.

Several analysts have issued reports on WCP shares. BMO Capital Markets boosted their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday. ATB Cormark Capital Markets upped their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the company a “moderate buy” rating in a research report on Tuesday. Scotiabank raised their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. National Bank Financial upped their target price on Whitecap Resources from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Finally, TD Securities raised their price target 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.

Whitecap Resources Price Performance

WCP stock opened at C$13.62 on Monday. Whitecap Resources has a one year low of C$6.87 and a one year high of C$13.98. The firm has a 50-day moving average of C$12.23 and a two-hundred day moving average of C$11.30. The firm has a market capitalization of C$16.53 billion, a PE ratio of 12.05, a P/E/G ratio of -0.33 and a beta of 0.69. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58.

Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be issued a dividend of $0.0608 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, February 27th. Whitecap Resources’s dividend payout ratio (DPR) is currently 64.57%.

More Whitecap Resources News

Here are the key news stories impacting Whitecap Resources this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Whitecap to C$16.00, signaling stronger upside vs. the current share level and supporting buy-side sentiment. Royal Bank Of Canada Raises Whitecap Resources (TSE:WCP) Price Target to C$16.00
• Positive Sentiment: A Desjardins analyst said Whitecap’s stock price is expected to rise, reinforcing the bullish analyst tone and likely contributing to buying interest. Whitecap Resources (TSE:WCP) Stock Price Expected to Rise, Desjardins Analyst Says
• Positive Sentiment: Whitecap declared a monthly dividend (C$0.0608 per share) with an annualized yield of ~5.4%, ex-dividend date Feb 27 and record/pay date Mar 16 — supporting income-focused demand for the stock. Dividend Declaration
• Positive Sentiment: Canaccord Genuity published a bullish forecast for strong price appreciation in WCP, adding to the wave of favorable sell-side commentary. Canaccord Genuity Group Forecasts Strong Price Appreciation for Whitecap Resources (TSE:WCP) Stock
• Positive Sentiment: ATB Cormark raised its price target to C$15.00, another upward revision that supports consensus upside expectations. ATB Cormark Capital Markets Increases Whitecap Resources (TSE:WCP) Price Target to C$15.00
• Positive Sentiment: TD Securities also lifted its price target to C$15.00, reinforcing the cluster of analyst upward revisions. TD Securities Raises Whitecap Resources (TSE:WCP) Price Target to C$15.00
• Neutral Sentiment: Coverage pieces highlighted Whitecap’s 5.4% yield and monthly payouts for income investors and examined valuation after mixed short-term share moves — useful context but not immediate catalysts. Passive Income Investors: This TSX Stock Has a 5.4% Yield With Monthly Payouts Whitecap Resources (TSX:WCP) Valuation Check After Mixed Short Term Share Price Moves
• Negative Sentiment: Raymond James lowered its rating on Whitecap, which introduces some resistance to the consensus bullish narrative and could limit upside if other firms follow. Whitecap Resources (TSE:WCP) Stock Rating Lowered by Raymond James Financial

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.