Whitecap Resources (TSE:WCP) Stock Crosses Above 200-Day Moving Average of $9.72

Whitecap Resources Inc. (TSE:WCP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.72 and traded as high as C$10.41. Whitecap Resources shares last traded at C$10.39, with a volume of 2,001,094 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WCP. National Bankshares reduced their price objective on shares of Whitecap Resources from C$18.50 to C$15.00 and set an "outperform" rating for the company in a research note on Wednesday, January 10th. Raymond James reduced their price objective on shares of Whitecap Resources from C$15.50 to C$13.00 and set a "strong-buy" rating for the company in a research note on Friday, January 19th. Desjardins raised their price objective on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the company a "buy" rating in a research note on Friday, February 23rd. BMO Capital Markets set a C$13.00 price objective on shares of Whitecap Resources and gave the company an "outperform" rating in a research note on Thursday, March 21st. Finally, CIBC dropped their price target on shares of Whitecap Resources from C$15.00 to C$14.00 and set an "outperform" rating on the stock in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$13.35.

Whitecap Resources Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. The firm's 50 day simple moving average is C$9.34 and its 200 day simple moving average is C$9.71. The company has a market capitalization of C$6.31 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.30 by C$0.19. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. The firm had revenue of C$914.10 million during the quarter. As a group, research analysts anticipate that Whitecap Resources Inc. will post 1.2409201 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.73 annualized dividend and a dividend yield of 6.94%. Whitecap Resources's dividend payout ratio (DPR) is currently 44.52%.

Insider Activity

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 3,723 shares of the business's stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of C$8.17 per share, for a total transaction of C$30,416.91. Corporate insiders own 0.74% of the company's stock.

About Whitecap Resources

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.