Whitecap Resources Inc. (TSE:WCP) Receives Consensus Recommendation of “Buy” from Analysts

Whitecap Resources Inc. (TSE:WCP) has been given an average rating of “Buy” by the thirteen research firms that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$18.55.

Several analysts have recently issued reports on WCP shares. Royal Bank Of Canada upped their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 26th. National Bank Financial raised their price target on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Scotia boosted their price target on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. ATB Cormark Capital Markets upped their price objective on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Raymond James Financial increased their price objective on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th.

Whitecap Resources Stock Up 1.0%

Shares of TSE:WCP opened at C$16.43 on Thursday. The stock has a market cap of C$19.97 billion, a price-to-earnings ratio of 22.51, a PEG ratio of -0.33 and a beta of 0.18. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. Whitecap Resources has a 12-month low of C$9.79 and a 12-month high of C$17.34. The business’s 50 day moving average is C$15.90 and its 200 day moving average is C$14.50.

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

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be issued a $0.0608 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.4%. Whitecap Resources’s dividend payout ratio is currently 99.95%.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, insider Travis Bjarne Tweit acquired 3,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of C$15.48 per share, with a total value of C$46,440.00. Following the completion of the transaction, the insider owned 230,204 shares in the company, valued at approximately C$3,563,557.92. This trade represents a 1.32% increase in their ownership of the stock. Also, insider Joseph Adam Wong acquired 7,500 shares of Whitecap Resources stock in a transaction on Monday, July 6th. The stock was 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 directly owned 111,416 shares in the company, valued at approximately C$1,611,075.36. This trade represents a 7.22% increase in their ownership of the stock. Over the last three months, insiders acquired 31,500 shares of company stock valued at $481,010. 0.84% of the stock is owned by insiders.

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.