Whitecap Resources Inc. (TSE:WCP) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Analysts remain bullish on Whitecap Resources: All 13 covering brokerages recommend either “Buy” or “Strong Buy,” with an average 12-month price target of C$18.55. Recent targets include C$22 from Desjardins and C$26 from National Bank Financial.
• Whitecap reported quarterly EPS of C$0.73 on revenue of C$2.35 billion, with a 19.66% net margin and 12.87% return on equity. Shares opened at C$18.71, near their 12-month high of C$19.08.
• The company declared a monthly dividend of C$0.0608 per share, equivalent to an annualized yield of approximately 3.9%. Insiders also purchased 20,500 shares over the last quarter, indicating added confidence from management.

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have been given a consensus recommendation of "Buy" by the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$18.55.

Several research analysts recently weighed in on WCP shares. Desjardins set a C$22.00 price target on shares of Whitecap Resources and gave the stock a "buy" rating in a report on Friday, July 17th. National Bank Financial increased their price objective on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 26th.

Whitecap Resources Trading Up 0.1%

TSE WCP opened at C$18.71 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14. The business has a fifty day simple moving average of C$16.78 and a 200 day simple moving average of C$15.79. Whitecap Resources has a 12 month low of C$10.08 and a 12 month high of C$19.08. The firm has a market capitalization of C$22.75 billion, a P/E ratio of 16.71, a PEG ratio of -0.33 and a beta of 0.21.

Whitecap Resources (TSE:WCP - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. The firm had revenue of C$2.35 billion during the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. On average, analysts predict that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, July 31st. Whitecap Resources's dividend payout ratio (DPR) is 65.14%.

Insiders Place Their Bets

In other Whitecap Resources news, insider Joseph Adam Wong bought 7,500 shares of the stock in a transaction dated Monday, July 6th. The shares were bought at an average cost of C$14.46 per share, for a total transaction of C$108,450.00. Following the purchase, the insider directly owned 111,416 shares of the company's stock, valued at approximately C$1,611,075.36. This trade represents a 7.22% increase in their position. Also, insider Travis Bjarne Tweit purchased 3,000 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of C$15.48 per share, for a total transaction of C$46,440.00. Following the completion of the acquisition, the insider directly owned 230,204 shares in the company, valued at C$3,563,557.92. The trade was a 1.32% increase in their position. Over the last quarter, insiders have acquired 20,500 shares of company stock valued at $299,490. Insiders own 0.84% of the company's stock.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.

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