Needham & Company LLC reiterated their outperform rating on shares of Whitecap Resources (TSE:WCP) in a report published on Friday. The firm currently has a C$13.00 price objective on the stock.

Several other equities analysts also recently commented on WCP. National Bank Financial decreased their price target on shares of Whitecap Resources from C$12.00 to C$11.50 and set an outperform rating on the stock in a research note on Friday, October 13th. Raymond James Financial upped their price target on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the company an outperform rating in a research note on Thursday, November 2nd. Barclays upped their price target on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. CIBC reiterated an outperform rating and set a C$12.50 price objective on shares of Whitecap Resources in a research note on Tuesday, December 5th. Finally, BMO Capital Markets increased their price objective on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an outperform rating in a research note on Tuesday, December 5th. Eight equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of C$13.09.

Whitecap Resources (WCP) opened at C$8.35 on Friday. Whitecap Resources has a one year low of C$8.32 and a one year high of C$12.76.

The company also recently disclosed a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.023 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 3.31%. Whitecap Resources’s payout ratio is 34.95%.

In other news, Director Grant Bradley Fagerheim acquired 10,200 shares of Whitecap Resources stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of C$8.91 per share, for a total transaction of C$90,882.00.

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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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