Whitecap Resources Inc. (TSE:WCP – Get Rating) has been assigned an average rating of "Buy" from the fifteen brokerages that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$14.61.
A number of equities analysts have weighed in on the stock. Haywood Securities decreased their target price on shares of Whitecap Resources from C$18.00 to C$16.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Scotiabank raised their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Wednesday, June 8th. BMO Capital Markets reduced their price target on shares of Whitecap Resources from C$16.00 to C$14.00 in a research report on Friday, July 29th. Raymond James raised their price target on shares of Whitecap Resources from C$16.00 to C$17.00 and gave the company a "strong-buy" rating in a research report on Friday, July 29th. Finally, Canaccord Genuity Group set a C$15.50 price target on shares of Whitecap Resources and gave the company a "buy" rating in a research report on Thursday, August 25th.
Get Whitecap Resources alerts:Insider Activity at Whitecap Resources
In related news, Director Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock in a transaction on Thursday, June 30th. The shares were bought at an average cost of C$9.12 per share, for a total transaction of C$91,200.00. Following the acquisition, the director now owns 2,630,867 shares in the company, valued at approximately C$23,993,507.04. In related news, Senior Officer Joel Maxwell Armstrong purchased 30,000 shares of Whitecap Resources stock in a transaction on Thursday, June 30th. The shares were bought at an average cost of C$9.12 per share, for a total transaction of C$273,600.00. Following the acquisition, the insider now owns 316,998 shares in the company, valued at approximately C$2,891,021.76. Also, Director Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock in a transaction on Thursday, June 30th. The stock was bought at an average price of C$9.12 per share, for a total transaction of C$91,200.00. Following the completion of the acquisition, the director now owns 2,630,867 shares in the company, valued at approximately C$23,993,507.04. In the last quarter, insiders have bought 80,450 shares of company stock worth $711,610.
Whitecap Resources Stock Performance
TSE WCP opened at C$8.02 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 18.80. The company has a 50-day simple moving average of C$9.23 and a two-hundred day simple moving average of C$9.86. The firm has a market cap of C$4.96 billion and a price-to-earnings ratio of 1.77. Whitecap Resources has a 12-month low of C$6.36 and a 12-month high of C$12.71.Whitecap Resources (TSE:WCP – Get Rating) last posted its earnings results on Thursday, July 28th. The company reported C$0.61 earnings per share for the quarter, topping analysts' consensus estimates of C$0.52 by C$0.09. The firm had revenue of C$1.35 billion for the quarter. On average, equities analysts forecast that Whitecap Resources will post 1.8999999 EPS for the current year.
Whitecap Resources Announces Dividend
The company also recently announced a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a dividend of $0.0367 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend was Tuesday, August 30th. Whitecap Resources's dividend payout ratio (DPR) is 6.21%.
Whitecap Resources Company Profile
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Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.
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