Whitecap Resources (TSE:WCP) Price Target Increased to C$14.00 by Analysts at BMO Capital Markets

Whitecap Resources (TSE:WCP) had its price target lifted by BMO Capital Markets from C$13.00 to C$14.00 in a report released on Thursday, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the company. Raymond James lowered their price objective on Whitecap Resources from C$15.50 to C$13.00 and set a strong-buy rating for the company in a research report on Friday, January 19th. Canaccord Genuity Group raised their target price on Whitecap Resources from C$12.50 to C$14.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. ATB Capital decreased their target price on Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. CIBC raised their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus raised their target price on Whitecap Resources from C$12.75 to C$13.75 and gave the stock a buy rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Whitecap Resources currently has a consensus rating of Buy and a consensus price target of C$13.56.

Whitecap Resources Price Performance

Shares of WCP opened at C$10.77 on Thursday. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.91. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67. The company has a market capitalization of C$6.44 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81. The business has a 50-day moving average of C$10.04 and a 200-day moving average of C$9.62.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$933.30 million for the quarter, compared to the consensus estimate of C$787.00 million. As a group, equities research analysts anticipate that Whitecap Resources will post 1.2846626 earnings per share for the current year.

Whitecap Resources Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.0608 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 dividend on an annualized basis and a yield of 6.77%. Whitecap Resources’s dividend payout ratio (DPR) is presently 44.52%.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim acquired 3,723 shares of Whitecap Resources stock in a transaction on Monday, February 5th. The stock was purchased at an average price of C$8.17 per share, with a total value of C$30,416.91. Insiders own 0.74% of the company’s stock.

Whitecap Resources Company Profile

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.