Whitecap Resources Inc. (TSE:WCP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Whitecap Resources Inc. (TSE:WCP) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$13.68.

WCP has been the topic of a number of recent research reports. Canaccord Genuity Group lowered their price target on shares of Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Raymond James raised shares of Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. Desjardins boosted their price target on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. National Bankshares lowered their price objective on Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Finally, ATB Capital cut their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, October 24th.

Insider Transactions at Whitecap Resources

In other news, Senior Officer Thanh Chan Kang acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of C$10.48 per share, with a total value of C$104,800.00. Also, Director Mary-Jo Case bought 5,000 shares of the stock in a transaction on Monday, October 28th. The stock was purchased at an average cost of C$10.44 per share, with a total value of C$52,200.00. Over the last 90 days, insiders purchased 25,000 shares of company stock valued at $261,300. 0.84% of the stock is currently owned by insiders.

Whitecap Resources Stock Performance

Shares of TSE WCP opened at C$10.00 on Friday. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.31. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. The firm has a market cap of C$5.99 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of -0.33 and a beta of 2.67. The stock’s fifty day moving average price is C$10.14 and its two-hundred day moving average price is C$10.25.

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend is Friday, January 31st. Whitecap Resources’s dividend payout ratio is presently 58.40%.

Whitecap Resources Company Profile

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.