Whitecap Resources (TSE:WCP) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Whitecap Resources shares crossed above their 200-day moving average, trading near C$19.31 compared with the C$16.48 average, on volume of roughly 6 million shares.
• Analyst sentiment remains positive: the stock carries an overall “Buy” rating, including three Strong Buy ratings, while price targets range from C$21 to C$27.
• The company pays a monthly dividend of C$0.0608 per share, equivalent to approximately C$0.73 annually and a 3.8% yield; its payout ratio is 65.14%.

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$16.48 and traded as high as C$19.32. Whitecap Resources shares last traded at C$19.31, with a volume of 6,049,774 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on WCP. National Bank Financial increased their target price 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. TD lifted their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a "buy" rating in a research report on Friday, September 11th. Finally, Desjardins set a C$22.00 price target on shares of Whitecap Resources and gave the company a "buy" rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, Whitecap Resources currently has an average rating of "Buy" and an average price target of C$18.91.

Whitecap Resources Price Performance

The company has a fifty day simple moving average of C$17.96 and a two-hundred day simple moving average of C$16.48. The stock has a market capitalization of C$23.48 billion, a price-to-earnings ratio of 17.24, a PEG ratio of -0.33 and a beta of 0.29. The company has a debt-to-equity ratio of 24.14, a quick ratio of 0.67 and a current ratio of 0.56.

Whitecap Resources (TSE:WCP - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. The company had revenue of C$2.35 billion for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. As a group, equities research analysts expect that Whitecap Resources Inc. will post 1.12 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were paid a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, July 31st. Whitecap Resources's dividend payout ratio is presently 65.14%.

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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