Whitecap Resources Inc. (TSE:WCP) Receives Consensus Recommendation of "Buy" from Analysts

Whitecap Resources Inc. (TSE:WCP - Get Free Report) has earned an average rating of "Buy" from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$12.88.

Several equities research analysts recently commented on WCP shares. National Bankshares raised their target price 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. 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 report on Thursday, May 22nd. CIBC dropped their price objective on Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Desjardins lowered 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. Finally, Raymond James upped their price target on Whitecap Resources from C$11.50 to C$12.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd.

Insider Buying and Selling

In related news, insider Whitecap Resources Inc. sold 619,983 shares of the business'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 transaction of C$5,406,251.76. Also, Director Grant Bradley Fagerheim purchased 8,500 shares of Whitecap Resources stock in a transaction dated Tuesday, May 20th. The shares were acquired at an average cost of C$8.55 per share, for a total transaction of C$72,675.00. Over the last three months, insiders have bought 131,620 shares of company stock worth $1,105,011. Corporate insiders own 0.84% of the company's stock.

Whitecap Resources Price Performance

Shares of WCP traded down C$0.03 during trading hours on Friday, reaching C$8.90. The stock had a trading volume of 5,208,873 shares, compared to its average volume of 5,836,946. 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 has a 12 month low of C$6.87 and a 12 month high of C$11.31. The company's 50-day moving average is C$8.34 and its two-hundred day moving average is C$9.33. The stock has a market capitalization of C$5.20 billion, a PE ratio of 6.00, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

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