National Bankshares Cuts Whitecap Resources (TSE:WCP) Price Target to C$14.50

Whitecap Resources (TSE:WCP) had its price objective reduced by National Bankshares from C$15.00 to C$14.50 in a research note issued to investors on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other brokerages have also weighed in on WCP. Canaccord Genuity Group cut their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. ATB Capital reduced their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Finally, Desjardins upped their price target on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.68.

Whitecap Resources Price Performance

TSE WCP opened at C$9.76 on Thursday. The company has a 50 day simple moving average of C$10.07 and a 200-day simple moving average of C$10.24. The firm has a market capitalization of C$5.85 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 52-week low of C$8.15 and a 52-week 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.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.0608 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.73 annualized dividend and a dividend yield of 7.48%. Whitecap Resources’s payout ratio is 58.40%.

Insider Activity at Whitecap Resources

In other news, Senior Officer Thanh Chan Kang acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was bought at an average price of C$10.48 per share, with a total value of C$104,800.00. Corporate insiders own 0.84% of the company’s stock.

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.