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

Shares of Whitecap Resources Inc. (TSE:WCP) have been given an average rating of “Buy” by the thirteen analysts that are presently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$18.55.

WCP has been the topic of a number of research analyst reports. Raymond James Financial lifted their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Scotia upped their price target on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a report on Thursday, April 30th. National Bank Financial raised their price objective on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada lifted their price objective on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. Finally, Desjardins set a C$22.00 price objective on shares of Whitecap Resources and gave the stock a “buy” rating in a research note on Friday, July 17th.

Whitecap Resources Price Performance

Shares of WCP stock opened at C$17.07 on Monday. Whitecap Resources has a 1 year low of C$9.79 and a 1 year high of C$17.34. The stock has a market cap of C$20.76 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of -0.33 and a beta of 0.16. The business’s fifty day moving average is C$15.87 and its 200-day moving average is C$15.10. The company has a debt-to-equity ratio of 24.14, a quick ratio of 0.67 and a current ratio of 0.56.

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

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, July 31st. Whitecap Resources’s dividend payout ratio (DPR) is presently 65.14%.

Insider Buying and Selling

In related news, insider Joseph Adam Wong purchased 7,500 shares of the company’s stock in a transaction on Monday, July 6th. The shares were bought at an average price of C$14.46 per share, with a total value of C$108,450.00. Following the completion of the acquisition, the insider owned 111,416 shares of the company’s stock, valued at approximately C$1,611,075.36. This represents a 7.22% increase in their ownership of the stock. Also, Director Grant Bradley Fagerheim acquired 10,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were bought at an average price of C$14.46 per share, with a total value of C$144,600.00. Following the transaction, the director directly owned 3,308,099 shares in the company, valued at approximately C$47,835,111.54. The trade was a 0.30% increase in their position. Over the last ninety days, insiders acquired 31,500 shares of company stock worth $481,010. 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.