Whitecap Resources (TSE:WCP) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Whitecap Resources Inc. (TSE:WCP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.43 and traded as high as C$18.13. Whitecap Resources shares last traded at C$18.03, with a volume of 5,644,011 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WCP shares. National Bank Financial lifted their price objective on Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Desjardins set a C$22.00 price target on shares of Whitecap Resources and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Royal Bank Of Canada lifted their price target on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$18.55.

Whitecap Resources Stock Down 1.0%

The stock has a market capitalization of C$21.70 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of -0.33 and a beta of 0.16. The firm has a 50-day moving average of C$16.20 and a 200 day moving average of C$15.45. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. The company had revenue of C$2.35 billion during the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. On average, sell-side analysts anticipate that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a $0.0608 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.1%. Whitecap Resources’s payout ratio is 65.14%.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction on Monday, July 6th. The stock was purchased at an average price of C$14.46 per share, for a total transaction of C$144,600.00. Following the purchase, the director directly owned 3,308,099 shares in the company, valued at C$47,835,111.54. This trade represents a 0.30% increase in their ownership of the stock. Also, insider Joseph Adam Wong acquired 7,500 shares of the stock in a transaction on Monday, July 6th. The shares were acquired at an average price of C$14.46 per share, with a total value of C$108,450.00. Following the purchase, the insider owned 111,416 shares in the company, valued at C$1,611,075.36. This represents a 7.22% increase in their ownership of the stock. Over the last 90 days, insiders acquired 25,500 shares of company stock valued at $380,990. Insiders own 0.84% of the company’s stock.

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.