National Bankshares Analysts Give Whitecap Resources (TSE:WCP) a C$15.00 Price Target

National Bankshares set a C$15.00 price target on Whitecap Resources (TSE:WCP) in a research note published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Desjardins boosted their price objective on shares of Whitecap Resources from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Friday, October 24th. Tudor Pickering raised Whitecap Resources to a “strong-buy” rating in a report on Wednesday, October 15th. TD Securities raised their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Raymond James Financial lifted their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Capital One Financial raised shares of Whitecap Resources to a “strong-buy” rating in a report on Monday, October 27th. Four research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$14.08.

Whitecap Resources Trading Up 1.7%

Shares of TSE:WCP opened at C$11.12 on Friday. The stock’s 50-day simple moving average is C$11.31 and its two-hundred day simple moving average is C$10.64. The stock has a market capitalization of C$13.50 billion, a price-to-earnings ratio of 9.84, a PEG ratio of -0.33 and a beta of 0.62. Whitecap Resources has a 52-week low of C$6.87 and a 52-week high of C$12.02. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$1.55 billion for the quarter. Whitecap Resources had a net margin of 24.23% and a return on equity of 15.86%. Analysts expect that Whitecap Resources will post 1.1226131 EPS for the current year.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were paid a dividend of $0.0608 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Friday, October 31st. Whitecap Resources’s dividend payout ratio (DPR) is 64.57%.

Insider Buying and Selling

In related news, Director Bradley John Wall purchased 2,800 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of C$10.70 per share, for a total transaction of C$29,960.00. Following the purchase, the director directly owned 3,800 shares in the company, valued at C$40,660. This trade represents a 280.00% increase in their ownership of the stock. Corporate insiders own 0.84% of the company’s stock.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.