Whitecap Resources Inc. (TSE:WCP) Given Average Recommendation of “Buy” by Brokerages

Shares of Whitecap Resources Inc. (TSE:WCP) have earned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$13.57.

Several brokerages have weighed in on WCP. National Bankshares dropped their target price on Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Scotiabank increased their target price on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Royal Bank of Canada raised Whitecap Resources to a “moderate buy” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group lowered their price objective on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, September 16th.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00. Insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Performance

Whitecap Resources stock opened at C$10.56 on Friday. The firm’s 50 day simple moving average is C$10.30 and its 200-day simple moving average is C$10.29. The company has a market cap of C$6.33 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.35. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.29 by C$0.12. The firm had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$946.00 million. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. As a group, equities research analysts predict that Whitecap Resources will post 1.1226131 EPS for the current year.

Whitecap Resources Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Friday, September 27th. Whitecap Resources’s dividend payout ratio (DPR) is presently 58.40%.

About Whitecap Resources

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.