Whitecap Resources Inc. (TSE:WCP) Given Average Rating of "Buy" by Brokerages

Whitecap Resources Inc. (TSE:WCP - Get Free Report) has been given a consensus rating of "Buy" by the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$13.06.

WCP has been the subject of several recent research reports. CIBC reduced their target price on shares of Whitecap Resources from C$14.50 to C$13.00 in a report on Thursday, April 10th. Raymond James upgraded Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price objective for the company in a research note on Tuesday, March 11th. 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 report on Tuesday, April 15th. Finally, National Bankshares decreased their price target on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a report on Thursday, January 30th.

Insider Activity

In other news, Senior Officer Thanh Chan Kang purchased 9,720 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of C$8.43 per share, with a total value of C$81,939.60. Also, Director Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average cost of C$7.17 per share, with a total value of C$71,700.00. Insiders have acquired 98,120 shares of company stock worth $835,336 in the last quarter. Corporate insiders own 0.84% of the company's stock.

Whitecap Resources Stock Performance

WCP traded up C$0.03 during trading on Tuesday, reaching C$7.82. 5,483,438 shares of the company's stock were exchanged, compared to its average volume of 4,525,097. 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 1 year low of C$6.87 and a 1 year high of C$11.31. The company's fifty day simple moving average is C$8.57 and its 200-day simple moving average is C$9.57. The stock has a market capitalization of C$4.57 billion, a P/E ratio of 5.28, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

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

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.