Whitecap Resources (TSE:WCP) Price Target Raised to C$28.00

Whitecap Resources (TSE:WCP) had its price objective lifted by National Bank Financial from C$27.00 to C$28.00 in a research report report published on Tuesday,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. TD raised their target price on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a “buy” rating in a report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$19.77.

Whitecap Resources Price Performance

Whitecap Resources stock opened at C$20.25 on Tuesday. The business’s fifty day moving average is C$18.45 and its two-hundred day moving average is C$16.72. The company has a debt-to-equity ratio of 24.14, a quick ratio of 0.67 and a current ratio of 0.56. Whitecap Resources has a 52 week low of C$10.18 and a 52 week high of C$20.53. The firm has a market cap of C$24.62 billion, a P/E ratio of 18.08, a P/E/G ratio of -0.33 and a beta of 0.29.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. The business had revenue of C$2.35 billion during the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. Equities research analysts forecast that Whitecap Resources will post 1.12 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a $0.0608 dividend. This represents a $0.73 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, July 31st. Whitecap Resources’s dividend payout ratio (DPR) is 65.14%.

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.