Whitecap Resources Inc. (TSE:WCP) Receives C$12.88 Consensus Price Target from Analysts

Whitecap Resources Inc. (TSE:WCP - Get Free Report) has been given an average rating of "Buy" by the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$12.88.

A number of research analysts recently commented on WCP shares. Raymond James Financial upped their price objective on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Desjardins downgraded Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 3rd. CIBC lowered their price objective on Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. National Bankshares upped 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. Finally, Scotiabank upgraded Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price objective for the company in a research note on Thursday, May 22nd.

Whitecap Resources Stock Performance

Shares of TSE:WCP traded down C$0.06 during trading on Wednesday, reaching C$9.56. 7,728,598 shares of the company's stock traded hands, compared to its average volume of 6,142,892. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. Whitecap Resources has a 12 month low of C$6.87 and a 12 month high of C$11.31. The company has a 50 day moving average of C$8.50 and a 200-day moving average of C$9.17. The stock has a market capitalization of C$5.58 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

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

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Director Bradley John Wall bought 11,500 shares of Whitecap Resources stock in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average cost of C$8.77 per share, for a total transaction of C$100,855.00. Also, Director Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average price of C$9.38 per share, with a total value of C$93,800.00. In the last ninety days, insiders bought 101,200 shares of company stock valued at $853,698. 0.84% of the stock is owned by corporate insiders.

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.