Whitecap Resources Inc. to Post FY2017 Earnings of $0.34 Per Share, Clarus Securities Forecasts (WCP)
Whitecap Resources Inc. (TSE:WCP) – Stock analysts at Clarus Securities dropped their FY2017 earnings per share (EPS) estimates for Whitecap Resources in a research note issued on Wednesday. Clarus Securities analyst D. Choi now anticipates that the company will post earnings per share of $0.34 for the year, down from their prior forecast of $0.36.
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A number of other research firms have also recently commented on WCP. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$14.00 target price on shares of Whitecap Resources in a research note on Thursday, April 20th. Royal Bank Of Canada lowered their target price on Whitecap Resources from C$15.00 to C$12.00 in a research note on Thursday, July 20th. Scotiabank reiterated an “outperform” rating and set a C$15.00 target price on shares of Whitecap Resources in a research note on Thursday, May 4th. TD Securities reiterated a “buy” rating and set a C$14.00 target price on shares of Whitecap Resources in a research note on Thursday, May 4th. Finally, Barclays PLC lowered their target price on Whitecap Resources from C$13.00 to C$10.00 in a research note on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Whitecap Resources presently has an average rating of “Buy” and a consensus price target of C$13.69.
Whitecap Resources (TSE WCP) opened at 9.60 on Friday. The company has a market capitalization of $3.55 billion and a price-to-earnings ratio of 11.78. The stock has a 50 day moving average of $9.14 and a 200 day moving average of $9.96. Whitecap Resources has a 12 month low of $8.66 and a 12 month high of $12.90.
In other news, insider Jeffery Byron Zdunich acquired 5,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average cost of C$9.12 per share, for a total transaction of C$45,600.00. Also, insider Joel Maxwell Armstrong acquired 11,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was purchased at an average price of C$9.01 per share, for a total transaction of C$99,110.00. Insiders purchased a total of 28,000 shares of company stock worth $254,270 over the last 90 days.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a $0.023 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, July 27th.
About Whitecap Resources
Whitecap Resources Inc acquires, explores for, develops, and produces crude oil and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Southwest Saskatchewan, Northwest Alberta and British Columbia, and West Central Saskatchewan.
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