Whitecap Resources (TSE:WCP) Price Target Raised to C$16.00

Whitecap Resources (TSE:WCP) had its price target raised by Royal Bank Of Canada from C$14.00 to C$16.00 in a research note published on Wednesday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on WCP. Raymond James Financial cut shares of Whitecap Resources from a “strong-buy” rating to a “moderate buy” rating and upped their price objective for the stock from C$15.00 to C$16.00 in a research note on Tuesday. Canaccord Genuity Group boosted their target price on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a report on Tuesday. ATB Cormark Capital Markets raised their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the company a “moderate buy” rating in a report on Tuesday. Scotiabank lifted their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Finally, TD Securities boosted their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Whitecap Resources currently has an average rating of “Buy” and an average target price of C$15.15.

Whitecap Resources Stock Up 1.0%

WCP opened at C$13.62 on Wednesday. The firm has a market cap of C$16.53 billion, a price-to-earnings ratio of 13.76, a PEG ratio of -0.33 and a beta of 0.69. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The firm’s 50-day simple moving average is C$12.23 and its 200-day simple moving average is C$11.30. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$13.98.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be given a $0.0608 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, February 27th. Whitecap Resources’s payout ratio is 73.70%.

Key Headlines Impacting Whitecap Resources

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.