Whitecap Resources Inc. (TSE:WCP) Receives Consensus Rating of "Buy" from Brokerages

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have been given a consensus rating of "Buy" by the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$13.00.

WCP has been the subject of a number of recent research reports. Desjardins cut shares of Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. Raymond James Financial upgraded shares of Whitecap Resources from a "moderate buy" rating to a "strong-buy" rating and increased their target price for the company from C$12.00 to C$13.00 in a research report on Thursday, July 3rd. National Bank Financial upgraded shares of Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. National Bankshares increased their target price on shares of Whitecap Resources from C$14.50 to C$15.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, CIBC reduced their target price on shares of Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th.

Insiders Place Their Bets

In other Whitecap Resources news, Director Bradley John Wall acquired 11,500 shares of the stock in a transaction dated Thursday, May 29th. The stock was acquired at an average price of C$8.77 per share, with a total value of C$100,855.00. Also, Director Grant Bradley Fagerheim acquired 15,000 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of C$8.06 per share, with a total value of C$120,900.00. Insiders purchased a total of 70,000 shares of company stock valued at $599,180 over the last 90 days. 0.84% of the stock is owned by company insiders.

Whitecap Resources Stock Performance

TSE WCP traded down C$0.03 during mid-day trading on Friday, reaching C$9.64. 4,774,208 shares of the stock were exchanged, compared to its average volume of 6,132,833. The business's 50 day moving average is C$8.96 and its 200-day moving average is C$9.11. Whitecap Resources has a 1 year low of C$6.87 and a 1 year high of C$11.31. The company has a market capitalization of C$5.63 billion, a P/E ratio of 6.50, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Whitecap Resources Dividend Announcement

The business also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.0608 per share. This represents a yield of 7.54%. The ex-dividend date is Thursday, July 31st. Whitecap Resources's dividend payout ratio (DPR) is presently 49.25%.

Whitecap Resources Company Profile

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets.