Whitecap Resources (TSE:WCP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Posted by Christopher Mengel on Feb 23rd, 2025

Whitecap Resources Inc. (TSE:WCP – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.18 and traded as high as C$10.24. Whitecap Resources shares last traded at C$10.05, with a volume of 3,425,937 shares traded.

Analyst Ratings Changes

Separately, National Bankshares lowered their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$13.68.

View Our Latest Report on Whitecap Resources

Whitecap Resources Stock Performance

The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The stock has a market cap of C$5.83 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company’s 50 day simple moving average is C$9.97 and its 200 day simple moving average is C$10.18.

Whitecap Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources’s dividend payout ratio is currently 49.25%.

Whitecap Resources Company Profile

(Get Free Report)

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.