Brokerages Set Whitecap Resources Inc. (TSE:WCP) PT at C$13.27

Shares of Whitecap Resources Inc. (TSE:WCP) have earned an average rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$13.44.

Several research firms recently issued reports on WCP. ATB Capital reduced their price objective on shares of Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. Stifel Nicolaus upped their price target on Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a research note on Tuesday. Canaccord Genuity Group raised their price objective on Whitecap Resources from C$12.50 to C$14.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BMO Capital Markets set a C$13.00 target price on Whitecap Resources and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Jefferies Financial Group set a C$11.00 price target on Whitecap Resources and gave the company a “buy” rating in a report on Tuesday, February 27th.

Insider Buying and Selling

In related news, Director Grant Bradley Fagerheim purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average price of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is owned by insiders.

Whitecap Resources Stock Performance

Shares of WCP stock opened at C$10.65 on Friday. The company has a market capitalization of C$6.37 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of -0.33 and a beta of 2.81. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.91. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 25.25. The stock’s fifty day simple moving average is C$9.91 and its 200-day simple moving average is C$9.62.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, February 21st. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.19. The company had revenue of C$914.10 million during the quarter. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. On average, sell-side analysts predict that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal 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 issued a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date is Monday, April 29th. Whitecap Resources’s dividend payout ratio is 44.52%.

About Whitecap Resources

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.