Brokerages Set Whitecap Resources Inc. (TSE:WCP) Target Price at C$13.61

Shares of Whitecap Resources Inc. (TSE:WCP) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$13.61.

A number of research firms recently issued reports on WCP. Royal Bank of Canada upgraded Whitecap Resources to a “moderate buy” rating in a report on Friday, July 26th. Scotiabank lifted their price objective on Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th.

Insider Activity

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was purchased at an average price of C$10.19 per share, for a total transaction of C$101,900.00. In the last 90 days, insiders have acquired 30,000 shares of company stock worth $303,400. 0.82% of the stock is currently owned by insiders.

Whitecap Resources Trading Down 0.4 %

TSE WCP opened at C$10.40 on Thursday. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The firm has a market cap of C$6.23 billion, a price-to-earnings ratio of 8.32, a PEG ratio of -0.33 and a beta of 2.71. The firm has a 50 day simple moving average of C$10.19 and a 200-day simple moving average of C$10.10. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.91.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.12. The company had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$946.00 million. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. Equities research analysts anticipate that Whitecap Resources will post 1.0211055 EPS for the current fiscal year.

Whitecap Resources Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Saturday, August 31st will be given a dividend of $0.061 per share. This is a boost from Whitecap Resources’s previous monthly dividend of $0.06. This represents a $0.73 annualized dividend and a dividend yield of 7.04%. The ex-dividend date is Friday, August 30th. Whitecap Resources’s dividend payout ratio is currently 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.