Whitecap Resources (TSE:WCP) Price Target Raised to C$13.75

Whitecap Resources (TSE:WCP) had its price objective raised by Stifel Nicolaus from C$12.75 to C$13.75 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the company. National Bankshares cut their price objective on Whitecap Resources from C$18.50 to C$15.00 and set an outperform rating on the stock in a research report on Wednesday, January 10th. CIBC upped their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the company an outperform rating in a research report on Monday, April 22nd. Jefferies Financial Group set a C$11.00 price target on Whitecap Resources and gave the company a buy rating in a research report on Tuesday, February 27th. ATB Capital dropped their price target on Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Finally, Raymond James dropped their price target on Whitecap Resources from C$15.50 to C$13.00 and set a strong-buy rating on the stock in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of C$13.56.

Whitecap Resources Trading Down 0.9 %

Shares of Whitecap Resources stock opened at C$10.77 on Tuesday. The stock has a fifty day simple moving average of C$10.00 and a 200 day simple moving average of C$9.64. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 25.25. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.91. The company has a market capitalization of C$6.44 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.14). Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The business had revenue of C$933.30 million during the quarter, compared to analysts’ expectations of C$787.00 million. On average, sell-side analysts anticipate that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal year.

Whitecap Resources Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.0608 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a dividend yield of 6.77%. Whitecap Resources’s payout ratio is currently 44.52%.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average cost of C$10.58 per share, with a total value of C$52,900.00. Insiders own 0.74% of the company’s stock.

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.