Whitecap Resources (TSE:WCP) PT Raised to C$13.75

Whitecap Resources (TSE:WCP - Free Report) had its target price increased by Stifel Nicolaus from C$12.75 to C$13.75 in a research note published on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. National Bankshares dropped their price target on Whitecap Resources from C$18.50 to C$15.00 and set an outperform rating on the stock in a research report on Wednesday, January 10th. BMO Capital Markets set a C$13.00 price objective on Whitecap Resources and gave the stock an outperform rating in a report on Thursday, March 21st. Canaccord Genuity Group lifted their target price on Whitecap Resources from C$12.50 to C$14.00 and gave the stock a buy rating in a report on Wednesday, April 17th. Jefferies Financial Group set a C$11.00 price objective on Whitecap Resources and gave the company a buy rating in a research report on Tuesday, February 27th. Finally, Raymond James decreased their price target on Whitecap Resources from C$15.50 to C$13.00 and set a strong-buy rating for the company in a research report on Friday, January 19th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$13.44.

Whitecap Resources Stock Up 2.7 %

TSE WCP traded up C$0.28 on Tuesday, hitting C$10.65. 2,655,192 shares of the stock traded hands, compared to its average volume of 2,411,466. The stock has a 50-day moving average of C$9.91 and a 200 day moving average of C$9.62. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.91. The company has a market capitalization of C$6.37 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 25.25.

Whitecap Resources (TSE:WCP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.30 by C$0.19. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The firm had revenue of C$914.10 million for the quarter. As a group, analysts expect that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal year.

Whitecap Resources Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.0608 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a dividend yield of 6.85%. Whitecap Resources's dividend payout ratio is 44.52%.

Insider Activity

In other news, Director Grant Bradley Fagerheim purchased 5,000 shares of Whitecap Resources stock in a transaction dated Friday, April 5th. The stock was acquired at an average cost of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is owned by corporate insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.