Brokerages Set Whitecap Resources Inc. (TSE:WCP) Price Target at C$13.52

Whitecap Resources Inc. (TSE:WCP - Get Free Report) has been given an average recommendation of "Buy" by the eight brokerages that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$13.52.

A number of brokerages have issued reports on WCP. National Bankshares cut their price target on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Desjardins set a C$12.00 target price on Whitecap Resources and gave the company a "buy" rating in a research note on Wednesday, March 19th. Finally, Raymond James upgraded Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price target for the company in a research note on Tuesday, March 11th.

Insider Transactions at Whitecap Resources

In other news, Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average price of C$7.17 per share, for a total transaction of C$71,700.00. Also, Senior Officer Thanh Chan Kang purchased 9,720 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of C$8.43 per share, with a total value of C$81,939.60. In the last 90 days, insiders purchased 98,120 shares of company stock worth $835,336. 0.84% of the stock is currently owned by company insiders.

Whitecap Resources Stock Performance

TSE WCP traded up C$0.86 on Friday, reaching C$8.05. 12,587,048 shares of the stock were exchanged, compared to its average volume of 4,158,662. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. Whitecap Resources has a one year low of C$6.87 and a one year high of C$11.31. The firm has a market capitalization of C$4.70 billion, a PE ratio of 5.43, a PEG ratio of -0.33 and a beta of 2.67. The company's 50-day simple moving average is C$9.19 and its two-hundred day simple moving average is C$9.89.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.0608 per share. The ex-dividend date was Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a yield of 9.06%. Whitecap Resources's dividend payout ratio (DPR) is presently 49.25%.

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.