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

Shares of Whitecap Resources Inc. (TSE:WCP) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$13.68.

WCP has been the topic of a number of recent analyst reports. Raymond James upgraded shares of Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. National Bankshares decreased their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, January 30th. ATB Capital dropped their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Desjardins increased their price target on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Canaccord Genuity Group dropped their price target on Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd.

Whitecap Resources Price Performance

Shares of WCP stock opened at C$9.74 on Thursday. The stock’s 50-day moving average is C$9.98 and its 200 day moving average is C$10.21. Whitecap Resources has a 1-year low of C$8.40 and a 1-year high of C$11.31. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. The company has a market cap of C$5.84 billion, a P/E ratio of 7.79, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date of this dividend is Friday, January 31st. Whitecap Resources’s dividend payout ratio (DPR) is 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.