Whitecap Resources Inc. (TSE:WCP) Given Average Recommendation of "Buy" by Brokerages

Whitecap Resources Inc. (TSE:WCP - Get Free Report) has received an average recommendation of "Buy" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$13.00.

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

Whitecap Resources Trading Up 1.7%

WCP stock opened at C$9.63 on Friday. The company has a market cap of C$5.62 billion, a P/E ratio of 6.50, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a twelve month low of C$6.87 and a twelve month high of C$11.31. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The business has a fifty day moving average of C$8.88 and a 200-day moving average of C$9.12.

Whitecap Resources Dividend Announcement

The firm also recently announced a jun 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.0608 dividend. Whitecap Resources's payout ratio is 49.25%.

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, insider Whitecap Resources Inc. sold 619,983 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of C$8.72, for a total value of C$5,406,251.76. Also, Director Grant Bradley Fagerheim bought 15,000 shares of the firm's stock in a transaction on 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. Over the last ninety days, insiders acquired 70,000 shares of company stock valued at $599,180. Company insiders own 0.84% of the company's stock.

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.

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