Whitecap Resources (TSE:WCP) Reaches New 1-Year High – What’s Next?

Whitecap Resources Inc. (TSE:WCP)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$16.49 and last traded at C$16.48, with a volume of 2505406 shares traded. The stock had previously closed at C$16.19.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. National Bank Financial raised their price target on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. ATB Cormark Capital Markets raised their price target on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Scotia raised 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. BMO Capital Markets raised their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Finally, Scotiabank raised shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, Whitecap Resources has an average rating of “Buy” and a consensus target price of C$16.73.

Whitecap Resources Stock Up 3.4%

The firm’s 50 day moving average price is C$14.97 and its two-hundred day moving average price is C$12.93. The company has a market cap of C$20.32 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of -0.33 and a beta of 0.38. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54.

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

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.0608 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. Whitecap Resources’s payout ratio is currently 99.95%.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock in a transaction on Friday, April 17th. The shares were sold at an average price of C$13.76, for a total value of C$68,800.00. Following the completion of the sale, the director owned 3,278,099 shares in the company, valued at C$45,106,642.24. The trade was a 0.15% decrease in their position. In the last three months, insiders have sold 6,100 shares of company stock valued at $83,826. 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.