Whitecap Resources (TSE:WCP) Reaches New 52-Week High – Should You Buy?

Whitecap Resources Inc. (TSE:WCP)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$18.29 and last traded at C$18.25, with a volume of 3832559 shares trading hands. The stock had previously closed at C$17.96.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WCP shares. National Bank Financial boosted their target price on Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada raised their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Finally, Desjardins set a C$22.00 price target on Whitecap Resources and gave the company a “buy” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$18.55.

Whitecap Resources Stock Up 2.2%

The stock’s fifty day moving average price is C$16.25 and its 200 day moving average price is C$15.51. The stock has a market cap of C$22.32 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of -0.33 and a beta of 0.16. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.73 earnings per share for the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. The firm had revenue of C$2.35 billion for the quarter. As a group, research analysts forecast that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a dividend of $0.0608 per share. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.0%. Whitecap Resources’s dividend payout ratio (DPR) is presently 65.14%.

Insider Buying and Selling at Whitecap Resources

In other news, insider Travis Bjarne Tweit purchased 3,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was purchased at an average price of C$15.48 per share, with a total value of C$46,440.00. Following the completion of the purchase, 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 acquired 10,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was purchased at an average price of C$14.46 per share, with a total value of C$144,600.00. Following the completion of the acquisition, the director directly owned 3,308,099 shares in the company, valued at approximately C$47,835,111.54. This represents a 0.30% increase in their position. Insiders have bought 25,500 shares of company stock worth $380,990 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

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.