FY2019 EPS Estimates for Whitecap Resources Inc. Lifted by Analyst (WCP)
Whitecap Resources Inc. (TSE:WCP) – Stock analysts at Cormark raised their FY2019 EPS estimates for Whitecap Resources in a research report issued on Tuesday. Cormark analyst G. Ursu now forecasts that the company will post earnings per share of $0.32 for the year, up from their previous estimate of $0.31.
TRADEMARK VIOLATION WARNING: “FY2019 EPS Estimates for Whitecap Resources Inc. Lifted by Analyst (WCP)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/10/18/fy2019-eps-estimates-for-whitecap-resources-inc-lifted-by-analyst-wcp.html.
WCP has been the subject of several other reports. Barclays PLC cut their target price on shares of Whitecap Resources from C$13.00 to C$10.00 in a research note on Monday, July 24th. Royal Bank Of Canada cut their target price on shares of Whitecap Resources from C$15.00 to C$12.00 in a research note on Thursday, July 20th. Finally, National Bank Financial cut their target price on shares of Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research note on Friday, October 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Whitecap Resources has an average rating of “Buy” and a consensus price target of C$13.60.
Shares of Whitecap Resources (TSE:WCP) traded down 0.165% on Wednesday, reaching $9.075. 719,466 shares of the company’s stock traded hands. Whitecap Resources has a 52 week low of $8.44 and a 52 week high of $12.90. The firm has a market capitalization of $3.36 billion and a P/E ratio of 11.135. The company’s 50-day moving average is $9.28 and its 200-day moving average is $9.43.
In other Whitecap Resources news, insider Jeffery Byron Zdunich purchased 5,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of C$8.46 per share, with a total value of C$42,300.00. Also, Director Grant Bradley Fagerheim purchased 8,000 shares of the stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of C$8.87 per share, for a total transaction of C$70,960.00. Insiders acquired a total of 25,000 shares of company stock worth $220,540 in the last three months.
The firm also recently declared a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a $0.023 dividend. This represents a $0.28 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, September 28th.
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.
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