Whitecap Resources (WCP) Given New C$14.00 Price Target at Raymond James Financial

Whitecap Resources (TSE:WCP) had its price objective boosted by Raymond James Financial from C$13.25 to C$14.00 in a report published on Tuesday, November 14th. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently issued reports on WCP. Royal Bank Of Canada cut their price objective on shares of Whitecap Resources from C$15.00 to C$12.00 in a report on Thursday, July 20th. Barclays upped their price objective on Whitecap Resources from C$10.00 to C$11.00 in a research report on Thursday, November 2nd. Finally, National Bank Financial upped their price objective on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an outperform rating in a research report on Thursday, November 2nd. Five analysts have rated the stock with a buy rating, Whitecap Resources currently has a consensus rating of Buy and a consensus price target of C$13.75.

Whitecap Resources (WCP) traded up C$0.12 during mid-day trading on Tuesday, hitting C$8.91. 1,530,000 shares of the company’s stock traded hands, compared to its average volume of 1,630,000. Whitecap Resources has a 1-year low of C$8.41 and a 1-year high of C$12.90.

The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.023 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Wednesday, November 29th. Whitecap Resources’s dividend payout ratio (DPR) is presently 34.95%.

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About Whitecap Resources

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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