Whitecap Resources Inc. (TSE:WCP) Receives Average Recommendation 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 currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$12.88.

WCP has been the subject of a number of recent analyst reports. National Bank Financial upgraded Whitecap Resources to a "strong-buy" rating in a report on Monday, May 12th. Scotiabank upgraded shares of Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price objective for the company in a report on Thursday, May 22nd. CIBC dropped their target price on shares of Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. National Bankshares lifted 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 note on Thursday, May 22nd. Finally, Raymond James Financial increased their price target on shares of 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.

Whitecap Resources Trading Down 0.5%

Shares of WCP stock traded down C$0.05 during mid-day trading on Wednesday, reaching C$9.52. The stock had a trading volume of 5,829,697 shares, compared to its average volume of 6,149,337. The firm has a market capitalization of C$5.56 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The stock's 50-day moving average price is C$8.39 and its two-hundred day moving average price is C$9.18. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. Whitecap Resources has a 52-week low of C$6.87 and a 52-week high of C$11.31.

Whitecap Resources Announces Dividend

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 dividend of $0.0608 per share. Whitecap Resources's dividend payout ratio is 49.25%.

Insider Activity

In other news, Director Grant Bradley Fagerheim acquired 11,200 shares of Whitecap Resources stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of C$9.39 per share, for a total transaction of C$105,168.00. Also, Director Bradley John Wall bought 11,500 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was purchased at an average cost of C$8.77 per share, with a total value of C$100,855.00. Over the last ninety days, insiders acquired 101,200 shares of company stock worth $853,698. 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.