Whitecap Resources Inc. (TSE:WCP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Whitecap Resources Inc. (TSE:WCP) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$13.68.

A number of brokerages have recently commented on WCP. Canaccord Genuity Group cut their price target on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Desjardins boosted their target price on 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. 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. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Finally, ATB Capital decreased their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, October 24th.

Whitecap Resources Trading Down 0.1 %

Shares of TSE:WCP opened at C$10.00 on Friday. The firm has a market cap of C$5.99 billion, a price-to-earnings ratio of 8.00, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 12 month low of C$8.15 and a 12 month high of C$11.31. The company’s fifty day simple moving average is C$10.14 and its 200 day simple moving average is C$10.25. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55.

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a $0.0608 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.30%. Whitecap Resources’s payout ratio is 58.40%.

Insider Buying and Selling

In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 10,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of C$10.48 per share, with a total value of C$104,800.00. Also, Director Mary-Jo Case bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of C$10.44 per share, for a total transaction of C$52,200.00. Over the last 90 days, insiders acquired 25,000 shares of company stock worth $261,300. Company insiders own 0.84% of the company’s stock.

Whitecap Resources Company Profile

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.