Whitecap Resources (TSE:WCP) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Whitecap Resources shares moved above their 200-day moving average, reaching C$18.40 before last trading at C$18.13, compared with the 200-day average of C$16.07.
• Analyst sentiment remains positive, with three Strong Buy and ten Buy ratings. The consensus target price is C$18.82, while recent targets range from C$20 to C$26.
• The company reported C$0.73 in quarterly EPS on C$2.35 billion in revenue and pays a monthly dividend yielding about 4.0%, with a 65.14% payout ratio. Recent insider purchases also indicated confidence in the stock.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.07 and traded as high as C$18.40. Whitecap Resources shares last traded at C$18.13, with a volume of 5,161,709 shares.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WCP shares. Desjardins set a C$22.00 price target on Whitecap Resources and gave the stock a "buy" rating in a research note on Friday, July 17th. TD increased their target price on Whitecap Resources from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research note on Friday, September 11th. National Bank Financial lifted their target price on Whitecap Resources from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an "outperform" rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$18.82.

Whitecap Resources Trading Down 0.9%

The firm has a market capitalization of C$22.04 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of -0.33 and a beta of 0.21. The stock has a 50-day simple moving average of C$17.34 and a two-hundred day simple moving average of C$16.07. 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 released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.73 earnings per share for the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. The company had revenue of C$2.35 billion during the quarter. On average, equities research analysts anticipate that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a $0.0608 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.0%. Whitecap Resources's payout ratio is 65.14%.

Insider Buying and Selling

In related news, insider Joseph Adam Wong acquired 7,500 shares of the company's stock in a transaction that occurred on Monday, July 6th. The shares were bought at an average price of C$14.46 per share, with a total value of C$108,450.00. Following the completion of the transaction, the insider directly owned 111,416 shares in the company, valued at C$1,611,075.36. This trade represents a 7.22% increase in their ownership of the stock. Also, Director Grant Bradley Fagerheim bought 10,000 shares of the business's stock in a transaction on Monday, July 6th. The stock was bought at an average price of C$14.46 per share, for a total transaction of C$144,600.00. Following the purchase, the director directly owned 3,308,099 shares of the company's stock, valued at C$47,835,111.54. The trade was a 0.30% increase in their ownership of the stock. Insiders own 0.84% of the company's stock.

About Whitecap Resources

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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