Analysts Set Whitecap Resources Inc. (TSE:WCP) PT at C$13.61

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$13.61.

A number of equities analysts have issued reports on the company. Royal Bank of Canada upgraded Whitecap Resources to a “moderate buy” rating in a report on Friday, July 26th. Scotiabank increased their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Monday, September 16th.

Whitecap Resources Price Performance

Shares of TSE WCP opened at C$10.49 on Monday. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.83. The stock has a market capitalization of C$6.29 billion, a P/E ratio of 8.39, a P/E/G ratio of -0.33 and a beta of 2.69. The company’s 50-day moving average is C$10.18 and its 200 day moving average is C$10.20. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.12. The firm had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$946.00 million. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. On average, sell-side analysts expect that Whitecap Resources will post 1.001005 earnings per share for the current year.

Whitecap Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date is Monday, September 30th. Whitecap Resources’s payout ratio is 58.40%.

Insider Buying and Selling

In other Whitecap Resources news, Director Chandra Henry acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of C$10.00 per share, with a total value of C$100,000.00. In other news, Director Grant Bradley Fagerheim sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. Also, Director Chandra Henry acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average price of C$10.00 per share, for a total transaction of C$100,000.00. 0.83% of the stock is owned by company insiders.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.