Whitecap Resources Inc. (TSE:WCP) Receives C$17.00 Average PT from Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average recommendation of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$17.00.

WCP has been the topic of several analyst reports. Scotia increased their price target on Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. Scotiabank raised Whitecap Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Raymond James Financial upped their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Royal Bank Of Canada lifted their price target on 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. Finally, TD boosted their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Thursday, April 30th.

Whitecap Resources Stock Performance

Shares of TSE WCP opened at C$14.72 on Friday. The company has a 50 day simple moving average of C$15.94 and a two-hundred day simple moving average of C$14.11. The stock has a market cap of C$17.89 billion, a price-to-earnings ratio of 20.16, a PEG ratio of -0.33 and a beta of 0.14. 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 12 month low of C$9.20 and a 12 month high of C$17.34.

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

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid a $0.0608 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, July 31st. Whitecap Resources’s payout ratio is currently 99.95%.

Insider Buying and Selling at Whitecap Resources

In other news, insider Travis Bjarne Tweit purchased 3,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of C$15.48 per share, with a total value of C$46,440.00. Following the completion of the acquisition, the insider owned 230,204 shares of the company’s stock, valued at approximately C$3,563,557.92. This represents a 1.32% increase in their position. Also, Director Grant Bradley Fagerheim purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of C$16.30 per share, for a total transaction of C$81,500.00. Following the transaction, the director owned 3,287,599 shares of the company’s stock, valued at C$53,587,863.70. This trade represents a 0.15% increase in their position. Over the last quarter, insiders purchased 14,000 shares of company stock valued at $227,960 and sold 6,100 shares valued at $83,826. 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.