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

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have earned a consensus rating of "Buy" from the seven analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$12.88.

A number of brokerages recently weighed in on WCP. Scotiabank upgraded shares of Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price target on the stock in a research report on Thursday, May 22nd. Desjardins cut their price target on shares of Whitecap Resources from C$12.00 to C$11.50 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. National Bank Financial upgraded shares of Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. National Bankshares raised their target price on shares of Whitecap Resources from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, CIBC decreased their price target on shares of Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th.

Whitecap Resources Price Performance

TSE:WCP traded down C$0.10 during mid-day trading on Friday, reaching C$8.80. 4,024,912 shares of the company were exchanged, compared to its average volume of 5,817,224. Whitecap Resources has a 12 month low of C$6.87 and a 12 month high of C$11.31. The company has a fifty day moving average of C$8.34 and a 200 day moving average of C$9.33. 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 stock has a market cap of C$5.14 billion, a PE ratio of 5.94, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

The company also recently disclosed a apr 25 dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a dividend of $0.0608 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a yield of 8.97%. Whitecap Resources's dividend payout ratio is 49.25%.

Insider Transactions at Whitecap Resources

In other news, Director Grant Bradley Fagerheim acquired 11,200 shares of the stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of C$9.39 per share, with a total value of C$105,168.00. Also, insider Whitecap Resources Inc. sold 619,983 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of C$8.72, for a total value of C$5,406,251.76. Over the last 90 days, insiders purchased 131,620 shares of company stock valued at $1,105,011. 0.84% of the stock is currently owned by insiders.

About Whitecap Resources

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.