Whitecap Resources Inc. (TSE:WCP) Receives Consensus Recommendation of “Buy” from Brokerages

Whitecap Resources Inc. (TSE:WCP) has been given an average rating of “Buy” by the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$18.55.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Raymond James Financial lifted their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a “buy” rating in a research report on Friday, July 17th. TD boosted their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, National Bank Financial increased their price target on Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th.

Insider Activity at Whitecap Resources

In related news, insider Travis Bjarne Tweit bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of C$15.48 per share, for a total transaction of C$46,440.00. Following the transaction, the insider directly owned 230,204 shares of the company’s stock, valued at approximately C$3,563,557.92. This represents a 1.32% increase in their position. Also, insider Joseph Adam Wong bought 7,500 shares of the stock in a transaction on Monday, July 6th. The shares were bought at an average cost of C$14.46 per share, for a total transaction of C$108,450.00. Following the purchase, the insider owned 111,416 shares in the company, valued at C$1,611,075.36. This trade represents a 7.22% increase in their position. Insiders purchased 31,500 shares of company stock worth $481,010 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Performance

Whitecap Resources stock opened at C$17.07 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.56 and a debt-to-equity ratio of 24.14. The firm has a 50-day moving average price of C$15.87 and a two-hundred day moving average price of C$15.10. The firm has a market capitalization of C$20.76 billion, a price-to-earnings ratio of 15.24, a PEG ratio of -0.33 and a beta of 0.16. Whitecap Resources has a 52-week low of C$9.79 and a 52-week high of C$17.34.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 EPS for the quarter. The company had revenue of C$2.35 billion for the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. Sell-side analysts expect that Whitecap Resources will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a $0.0608 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 4.3%. Whitecap Resources’s dividend payout ratio is presently 65.14%.

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.