Whitecap Resources (TSE:WCP) Price Target Raised to C$22.00

Whitecap Resources (TSE:WCP) had its price objective upped by Royal Bank Of Canada from C$20.00 to C$22.00 in a research report released on Wednesday morning,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

WCP has been the subject of several other reports. National Bank Financial lifted their price objective on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday. Desjardins increased their target price on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, TD increased their target price on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$19.77.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock opened at C$20.43 on Wednesday. The stock has a market cap of C$24.84 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of -0.33 and a beta of 0.29. The company has a debt-to-equity ratio of 24.14, a quick ratio of 0.67 and a current ratio of 0.56. The stock has a 50 day moving average price of C$18.52 and a 200-day moving average price of C$16.74. Whitecap Resources has a one year low of C$10.18 and a one year high of C$20.79.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. The company had revenue of C$2.35 billion for the quarter. Equities analysts expect that Whitecap Resources will post 1.12 EPS for the current year.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a $0.0608 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.73 dividend on an annualized basis and a yield of 3.6%. Whitecap Resources’s dividend payout ratio (DPR) 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.