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

Whitecap Resources Inc. (TSE:WCP) has received an average rating of “Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$16.73.

WCP has been the subject of several analyst reports. Scotia raised 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. TD Securities raised their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. ATB Cormark Capital Markets raised their price target on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Thursday, April 30th. Royal Bank Of Canada raised their price target on shares of Whitecap Resources from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Finally, Raymond James Financial raised their price target on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, April 30th.

Insider Buying and Selling

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 5,000 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of C$13.76, for a total value of C$68,800.00. Following the completion of the transaction, the director directly owned 3,278,099 shares of the company’s stock, valued at C$45,106,642.24. This trade represents a 0.15% decrease in their position. Over the last ninety days, insiders have sold 6,100 shares of company stock valued at $83,826. 0.84% of the stock is owned by company insiders.

Whitecap Resources Stock Up 3.4%

Whitecap Resources stock opened at C$16.74 on Friday. The firm has a 50 day simple moving average of C$14.97 and a 200 day simple moving average of C$12.93. The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 33.01. Whitecap Resources has a 1-year low of C$8.39 and a 1-year high of C$16.78. The firm has a market capitalization of C$20.32 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of -0.33 and a beta of 0.38.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. The firm had revenue of C$1.84 billion during the quarter. On average, analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.0608 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is presently 99.95%.

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.