Whitecap Resources Inc. (TSE:WCP) had its target price lowered by National Bank Financial from C$12.00 to C$11.50 in a research note released on Friday morning. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Barclays PLC lowered their price objective on Whitecap Resources from C$13.00 to C$10.00 in a research report on Monday, July 24th. Royal Bank Of Canada lowered their price objective on Whitecap Resources from C$15.00 to C$12.00 in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Whitecap Resources presently has a consensus rating of Buy and an average target price of C$13.60.

Whitecap Resources (TSE WCP) opened at 9.13 on Friday. Whitecap Resources has a 12-month low of $8.44 and a 12-month high of $12.90. The company has a market capitalization of $3.38 billion and a PE ratio of 11.20. The firm’s 50 day moving average price is $9.28 and its 200-day moving average price is $9.43.

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The business also recently announced a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a dividend of $0.023 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Thursday, September 28th.

In related news, insider Jeffery Byron Zdunich bought 5,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of C$8.46 per share, for a total transaction of C$42,300.00. Also, Director Grant Bradley Fagerheim bought 8,000 shares of the stock in a transaction dated Monday, August 21st. The shares were bought at an average price of C$8.87 per share, for a total transaction of C$70,960.00. Over the last 90 days, insiders have bought 25,000 shares of company stock worth $220,540.

About Whitecap Resources

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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