Whitecap Resources (TSE:WCP) Price Target Raised to C$2.75 at Canaccord Genuity
Whitecap Resources (TSE:WCP) had its price target boosted by Canaccord Genuity from C$2.00 to C$2.75 in a report released on Friday, BayStreet.CA reports.
Several other equities research analysts have also weighed in on the stock. National Bank Financial increased their price objective on shares of Whitecap Resources from C$2.25 to C$3.00 and gave the stock an outperform rating in a research note on Wednesday, June 24th. Cormark dropped their price objective on shares of Whitecap Resources from C$6.50 to C$3.50 in a research note on Wednesday, March 18th. Laurentian set a C$3.00 price objective on shares of Whitecap Resources in a research note on Wednesday, March 18th. Eight Capital increased their price objective on shares of Whitecap Resources from C$2.75 to C$3.10 in a research note on Monday, May 4th. Finally, Scotiabank increased their price objective on shares of Whitecap Resources from C$2.00 to C$2.25 in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$2.83.
Shares of Whitecap Resources stock opened at C$2.15 on Friday. The firm has a market cap of $914.23 million and a PE ratio of -0.40. The firm’s 50-day simple moving average is C$2.27 and its 200-day simple moving average is C$3.06. The company has a debt-to-equity ratio of 163.03, a quick ratio of 0.54 and a current ratio of 1.13. Whitecap Resources has a 1 year low of C$0.73 and a 1 year high of C$5.71.
The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.0143 dividend. This represents a $0.17 annualized dividend and a dividend yield of 7.98%. The ex-dividend date was Thursday, May 28th. Whitecap Resources’s dividend payout ratio (DPR) is presently -6.31%.
About Whitecap Resources
Whitecap Resources Inc acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan. Whitecap Resources Inc is headquartered in Calgary, Canada.
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