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

Whitecap Resources Inc. (TSE:WCP) has received an average rating of “Buy” from the eight analysts that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is C$13.52.

WCP has been the subject of a number of recent research reports. Desjardins set a C$12.00 target price on Whitecap Resources and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a report on Tuesday, March 11th. Finally, National Bankshares reduced their target price 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, January 30th.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 30,000 shares of Whitecap Resources stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of C$8.42 per share, for a total transaction of C$252,600.00. Also, Senior Officer Thanh Chan Kang purchased 10,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of C$8.73 per share, with a total value of C$87,300.00. Over the last 90 days, insiders bought 83,120 shares of company stock worth $725,636. 0.84% of the stock is currently owned by company insiders.

Whitecap Resources Stock Performance

WCP stock opened at C$8.61 on Friday. The company has a 50 day moving average price of C$9.44 and a 200 day moving average price of C$10.00. Whitecap Resources has a fifty-two week low of C$7.88 and a fifty-two week high of C$11.31. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The stock has a market capitalization of C$5.03 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a yield of 8.47%. The ex-dividend date was Friday, February 28th. Whitecap Resources’s payout ratio is 49.25%.

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.