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

Whitecap Resources Inc. (TSE:WCP) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$13.61.

Several brokerages have weighed in on WCP. ATB Capital decreased their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. National Bankshares decreased their price target on shares of Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Scotiabank increased their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. Desjardins increased their price target on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada raised shares of Whitecap Resources to a “moderate buy” rating in a research note on Friday, July 26th.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock opened at C$10.38 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The stock has a market capitalization of C$6.22 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.31. The firm’s 50-day moving average price is C$10.38 and its two-hundred day moving average price is C$10.28.

Whitecap Resources Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be paid a $0.0608 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.73 dividend on an annualized basis and a yield of 7.03%. Whitecap Resources’s payout ratio is presently 58.40%.

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Director Mary-Jo Case acquired 5,000 shares of Whitecap Resources stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of C$10.44 per share, with a total value of C$52,200.00. In other news, Director Mary-Jo Case bought 5,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were bought at an average cost of C$10.44 per share, for a total transaction of C$52,200.00. Also, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of C$10.43 per share, for a total transaction of C$104,300.00. Insiders own 0.84% of the company’s stock.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.