Whitecap Resources Inc. (TSE:WCP) Stock Has Consensus Target Price of C$18.91 According to Brokerages

Key Points

• Analyst sentiment is positive: All 13 analysts rate Whitecap Resources a Buy or Strong Buy, with an average 12-month price target of C$18.91.
• Recent brokerages raised their targets, including National Bank Financial to C$27 and TD to C$21; Desjardins maintained a Buy rating with a C$22 target.
• Whitecap reported C$0.73 in quarterly EPS on C$2.35 billion in revenue and pays a monthly dividend yielding approximately 4.0% annually.

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have received an average recommendation of "Buy" from the thirteen analysts that are covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$18.91.

WCP has been the topic of several research analyst reports. Desjardins set a C$22.00 target price on shares of Whitecap Resources and gave the stock a "buy" rating in a research report on Friday, July 17th. National Bank Financial upped their price target on shares of Whitecap Resources from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 30th. Finally, TD upped their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research report on Friday, September 11th.

Whitecap Resources Stock Performance

TSE WCP opened at C$18.27 on Tuesday. The business's 50-day moving average price is C$17.68 and its 200 day moving average price is C$16.32. Whitecap Resources has a twelve month low of C$10.08 and a twelve month high of C$19.39. The company has a market capitalization of C$22.21 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of -0.33 and a beta of 0.21. The company has a current ratio of 0.56, a quick ratio of 0.67 and a debt-to-equity ratio of 24.14.

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

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were paid a dividend of $0.0608 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.73 annualized dividend and a dividend yield of 4.0%. Whitecap Resources's payout ratio is currently 65.14%.

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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