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

Whitecap Resources Inc. (TSE:WCP) shares reached a new 52-week high on Friday . The stock traded as high as C$15.24 and last traded at C$15.22, with a volume of 952497 shares changing hands. The stock had previously closed at C$14.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TD Securities increased their price objective on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Canaccord Genuity Group boosted their target price on Whitecap Resources from C$14.00 to C$15.50 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Desjardins upped their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. BMO Capital Markets increased their price target on 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, Royal Bank Of Canada raised their price objective on Whitecap Resources from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Three research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$15.15.

Whitecap Resources Price Performance

The company has a fifty day moving average of C$13.33 and a 200-day moving average of C$11.84. The firm has a market cap of C$18.81 billion, a P/E ratio of 15.66, a P/E/G ratio of -0.33 and a beta of 0.67. The company has a debt-to-equity ratio of 40.03, a current ratio of 0.68 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Monday, February 23rd. The company reported C$0.26 earnings per share for the quarter. The business had revenue of C$1.51 billion for the quarter. Whitecap Resources had a return on equity of 10.14% and a net margin of 18.38%. On average, sell-side analysts anticipate that Whitecap Resources Inc. will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were given a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, February 27th. Whitecap Resources’s dividend payout ratio (DPR) is presently 73.70%.

About Whitecap Resources

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.