National Bankshares Trims Whitecap Resources (TSE:WCP) Target Price to C$14.50

Whitecap Resources (TSE:WCP) had its target price lowered by National Bankshares from C$15.50 to C$14.50 in a research note published on Friday, BayStreet.CA reports.

WCP has been the subject of several other research reports. Royal Bank of Canada raised Whitecap Resources to a moderate buy rating in a research note on Friday, July 26th. Scotiabank raised their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Finally, Jefferies Financial Group cut their target price on Whitecap Resources from C$12.00 to C$11.00 and set a buy rating on the stock in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Buy and an average price target of C$13.57.

Whitecap Resources Stock Up 0.4 %

WCP stock opened at C$9.97 on Friday. The company has a 50 day moving average price of C$10.18 and a two-hundred day moving average price of C$10.23. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.79. The stock has a market capitalization of C$5.97 billion, a P/E ratio of 7.98, a PEG ratio of -0.33 and a beta of 2.69. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.12. The business had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$946.00 million. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. As a group, sell-side analysts expect that Whitecap Resources will post 1.0603015 EPS for the current year.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.061 dividend. This represents a $0.73 annualized dividend and a yield of 7.34%. The ex-dividend date is Friday, September 27th. Whitecap Resources’s dividend payout ratio is 58.40%.

Insiders Place Their Bets

In other Whitecap Resources news, Director Chandra Henry acquired 10,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was purchased at an average price of C$10.00 per share, for a total transaction of C$100,000.00. In other news, Director Grant Bradley Fagerheim sold 20,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$10.22, for a total transaction of C$204,400.00. Also, Director Chandra Henry purchased 10,000 shares of the stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of C$10.00 per share, with a total value of C$100,000.00. Insiders own 0.83% of the company’s stock.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.