FY2019 Earnings Estimate for Whitecap Resources Inc. (WCP) Issued By Cormark
Whitecap Resources Inc. (TSE:WCP) – Investment analysts at Cormark lifted their FY2019 earnings estimates for shares of Whitecap Resources in a research note issued on Tuesday. Cormark analyst G. Ursu now forecasts that the company will earn $0.32 per share for the year, up from their previous estimate of $0.31.
Several other equities analysts have also issued reports on the company. Barclays PLC decreased their price target on Whitecap Resources from C$13.00 to C$10.00 in a research note on Monday, July 24th. National Bank Financial cut their price objective on Whitecap Resources from C$13.50 to C$12.00 in a report on Friday, June 23rd. Finally, Royal Bank Of Canada cut their price objective on Whitecap Resources from C$15.00 to C$12.00 in a report on Thursday, July 20th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Whitecap Resources currently has a consensus rating of “Buy” and a consensus price target of C$13.60.
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Whitecap Resources (WCP) traded down 0.33% during trading on Wednesday, reaching $9.05. The company’s stock had a trading volume of 1,205,442 shares. The company’s 50 day moving average price is $9.29 and its 200-day moving average price is $9.41. Whitecap Resources has a 1-year low of $8.44 and a 1-year high of $12.90. The stock has a market cap of $3.35 billion and a P/E ratio of 11.10.
The company also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a dividend of $0.023 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, September 28th.
In related news, insider Jeffery Byron Zdunich bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of C$8.46 per share, with a total value of C$42,300.00. Also, Director Grant Bradley Fagerheim bought 12,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of C$8.94 per share, for a total transaction of C$107,280.00. In the last three months, insiders have purchased 25,000 shares of company stock worth $220,540.
Whitecap Resources Company Profile
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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