Whitecap Resources (WCP) Scheduled to Post Quarterly Earnings on Wednesday

Whitecap Resources (TSE:WCP - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Whitecap Resources to post earnings of C$0.24 per share for the quarter.

Whitecap Resources (TSE:WCP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, topping 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 business had revenue of C$914.10 million for the quarter.

Whitecap Resources Stock Down 1.0 %

Shares of TSE:WCP traded down C$0.10 during midday trading on Wednesday, reaching C$10.39. 1,494,317 shares of the company were exchanged, compared to its average volume of 2,445,739. The firm has a market cap of C$6.21 billion, a PE ratio of 7.12, a P/E/G ratio of -0.33 and a beta of 2.81. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.91. The stock has a fifty day simple moving average of C$9.72 and a two-hundred day simple moving average of C$9.64. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25.

Whitecap Resources Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Monday, April 29th. Whitecap Resources's dividend payout ratio (DPR) is currently 44.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WCP shares. Stifel Nicolaus raised their target price on shares of Whitecap Resources from C$12.25 to C$12.75 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Desjardins raised their target price on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the company a "buy" rating in a research report on Friday, February 23rd. ATB Capital decreased their price objective on shares of Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Raymond James decreased 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 report on Friday, January 19th. Finally, CIBC decreased their price objective on shares of Whitecap Resources from C$15.00 to C$14.00 and set an "outperform" rating for the company in a research report on Tuesday, January 16th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$13.27.

Insider Buying and Selling

In related news, Director Grant Bradley Fagerheim bought 3,723 shares of Whitecap Resources stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average price of C$8.17 per share, with a total value of C$30,416.91. 0.74% of the stock is currently owned by 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.