Whitecap Resources (TSE:WCP) Reaches New 12-Month High – Should You Buy?

Whitecap Resources Inc. (TSE:WCP)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$18.29 and last traded at C$18.25, with a volume of 3832559 shares. The stock had previously closed at C$17.96.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. National Bank Financial lifted 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 report on Wednesday, July 8th. Finally, Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a “buy” rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$18.55.

Whitecap Resources Stock Performance

The stock has a market capitalization of C$22.17 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of -0.33 and a beta of 0.16. The firm has a fifty day moving average of C$16.37 and a 200 day moving average of C$15.58. The company has a debt-to-equity ratio of 24.14, a current ratio of 0.56 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%.The company had revenue of C$2.35 billion during the quarter. On average, sell-side analysts anticipate that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were paid a dividend of $0.0608 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, July 31st. Whitecap Resources’s dividend payout ratio is presently 65.14%.

Insider Activity

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average price of C$14.46 per share, with a total value of C$144,600.00. Following the acquisition, the director owned 3,308,099 shares of the company’s stock, valued at C$47,835,111.54. This trade represents a 0.30% increase in their position. Also, insider Joseph Adam Wong purchased 7,500 shares of the stock in a transaction on Monday, July 6th. The shares were acquired at an average price of C$14.46 per share, for a total transaction of C$108,450.00. Following the transaction, the insider directly owned 111,416 shares of the company’s stock, valued at C$1,611,075.36. This represents a 7.22% increase in their position. Insiders have acquired 25,500 shares of company stock worth $380,990 in the last ninety days. Company insiders own 0.84% of the company’s stock.

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.