Brokerages Set Whitecap Resources Inc. (TSE:WCP) Price Target at C$13.06

Whitecap Resources Inc. (TSE:WCP - Get Free Report) has been given a consensus recommendation of "Buy" by the five research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$13.06.

A number of equities research analysts recently issued reports on WCP shares. Desjardins dropped their target price on 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. CIBC cut their price objective on shares of Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. National Bankshares decreased their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Finally, Raymond James raised shares of Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price target on the stock in a research report on Tuesday, March 11th.

Whitecap Resources Stock Up 0.4 %

WCP traded up C$0.03 during trading on Tuesday, hitting C$7.82. The company had a trading volume of 5,483,438 shares, compared to its average volume of 4,525,097. The firm's 50-day moving average price is C$8.61 and its 200 day moving average price is C$9.60. The company has a market capitalization of C$4.57 billion, a PE ratio of 5.28, a PEG ratio of -0.33 and a beta of 2.67. 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 one year low of C$6.87 and a one year high of C$11.31.

Whitecap Resources Dividend Announcement

The company also recently announced a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.0608 per share. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 8.97%. Whitecap Resources's dividend payout ratio (DPR) is currently 49.25%.

Insider Buying and Selling at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 30,000 shares of Whitecap Resources stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of C$8.42 per share, with a total value of C$252,600.00. Also, Senior Officer Thanh Chan Kang bought 10,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of C$8.73 per share, for a total transaction of C$87,300.00. Insiders have bought a total of 98,120 shares of company stock valued at $835,336 in the last ninety days. 0.84% of the stock is currently owned by corporate 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.