Whitecap Resources Inc. (TSE:WCP) Given Consensus Rating of "Buy" by Analysts

Key Points

• Whitecap Resources Inc. (TSE:WCP) has an average analyst rating of "Buy" from six brokerages, with four recommending a buy and two a strong buy. The average 12-month target price is C$13.57.
• Insider activity shows that Director Grant Bradley Fagerheim purchased 5,000 shares at C$10.32 each, increasing his holdings in the company.
• The company announced a dividend of $0.0608 per share, to be paid on October 15th to shareholders of record as of September 30th.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) has received an average rating of "Buy" from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$13.57.

Several research analysts have weighed in on the company. Desjardins raised Whitecap Resources from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$12.00 to C$12.50 in a research report on Tuesday, August 26th. Raymond James Financial boosted their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th.

Insider Activity

In other news, Director Grant Bradley Fagerheim bought 5,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were purchased at an average cost of C$10.32 per share, for a total transaction of C$51,600.00. Following the completion of the purchase, the director directly owned 3,195,745 shares in the company, valued at C$32,980,088.40. This represents a 0.16% increase in their position. Insiders acquired 25,000 shares of company stock valued at $246,600 in the last 90 days. Insiders own 0.84% of the company's stock.

Whitecap Resources Stock Up 0.5%

Shares of TSE:WCP opened at C$11.19 on Friday. The stock has a market cap of C$13.78 billion, a price-to-earnings ratio of 7.66, a PEG ratio of -0.33 and a beta of 0.74. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. Whitecap Resources has a 12-month low of C$6.87 and a 12-month high of C$11.31. The business's 50 day moving average is C$10.39 and its 200 day moving average is C$9.29.

Whitecap Resources Dividend Announcement

The company also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.0608 dividend. Whitecap Resources's payout ratio is presently 49.97%.

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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