Whitecap Resources Inc. (TSE:WCP) Receives Average Recommendation of “Buy” from Analysts

Shares of Whitecap Resources Inc. (TSE:WCP) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$18.55.

WCP has been the subject of a number of recent research reports. Royal Bank Of Canada raised their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. TD upped their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial increased their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. ATB Cormark Capital Markets lifted their price objective on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, National Bank Financial boosted their price objective on Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th.

Insider Activity

In other Whitecap Resources news, insider Travis Bjarne Tweit purchased 3,000 shares of the stock in a transaction dated Monday, June 15th. The shares were bought at an average price of C$15.48 per share, with a total value of C$46,440.00. Following the completion of the transaction, the insider directly owned 230,204 shares in the company, valued at approximately C$3,563,557.92. This trade represents a 1.32% increase in their position. Also, Director Grant Bradley Fagerheim purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average price of C$14.46 per share, for a total transaction of C$144,600.00. Following the completion of the purchase, the director directly owned 3,308,099 shares in the company, valued at C$47,835,111.54. This represents a 0.30% increase in their position. Insiders have acquired a total of 31,500 shares of company stock valued at $481,010 over the last quarter. Company insiders own 0.84% of the company’s stock.

Whitecap Resources Stock Up 1.0%

Whitecap Resources stock opened at C$16.43 on Thursday. The firm has a 50 day moving average price of C$15.90 and a 200-day moving average price of C$14.50. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. Whitecap Resources has a twelve month low of C$9.79 and a twelve month high of C$17.34. The company has a market capitalization of C$19.97 billion, a P/E ratio of 22.51, a P/E/G ratio of -0.33 and a beta of 0.18.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. The company had revenue of C$1.84 billion for the quarter. As a group, equities analysts predict that Whitecap Resources will post 1.1226131 EPS for the current year.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a $0.0608 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.4%. Whitecap Resources’s dividend payout ratio (DPR) is presently 99.95%.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.