Whitecap Resources Inc. (WCP) Receives C$13.22 Average PT from Analysts
Shares of Whitecap Resources Inc. (TSE:WCP) have received an average recommendation of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$13.22.
A number of equities analysts recently issued reports on WCP shares. National Bank Financial lowered their price objective on shares of Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research report on Friday, October 13th. Raymond James Financial upped their price objective on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Barclays upped their price objective on shares of Whitecap Resources from C$10.00 to C$11.00 in a research report on Thursday, November 2nd. CIBC reiterated an “outperform” rating and set a C$12.50 price objective on shares of Whitecap Resources in a research report on Tuesday, December 5th. Finally, BMO Capital Markets upped their price objective on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 5th.
In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 10,200 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was purchased at an average cost of C$8.91 per share, for a total transaction of C$90,882.00.
Whitecap Resources (TSE:WCP) last released its quarterly earnings data on Wednesday, November 1st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.01). Whitecap Resources had a return on equity of 0.46% and a net margin of 1.91%.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be given a $0.0257 dividend. This is a boost from Whitecap Resources’s previous monthly dividend of $0.02. This represents a $0.31 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, January 30th. Whitecap Resources’s dividend payout ratio is 34.95%.
Whitecap Resources Company Profile
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.
Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.