Whitecap Resources Inc. (TSE:WCP) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Eleven analysts covering Whitecap Resources have a consensus "Buy" rating (8 Buy, 3 Strong Buy) with an average 12‑month price target of C$15.50, and several firms recently raised targets (RBC to C$17.00, National Bank to C$16.00, Canaccord to C$15.50).
• Whitecap reported quarterly EPS of C$0.26 on C$1.51 billion of revenue, with a return on equity of 10.14% and a net margin of 18.38%.
• The stock opened at C$14.78, has a market cap of C$17.94 billion and a P/E of 14.93, and pays a monthly dividend that annualizes to about 4.9% with a payout ratio of 73.7%.

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have received a consensus rating of "Buy" from the eleven research firms that are currently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$15.50.

A number of analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the company an "outperform" rating in a research report on Tuesday, February 24th. Canaccord Genuity Group boosted their price objective on Whitecap Resources from C$14.00 to C$15.50 and gave the company a "buy" rating in a research report on Tuesday, February 24th. Royal Bank Of Canada boosted their price objective on Whitecap Resources from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research report on Monday. TD Securities boosted their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Finally, National Bank Financial boosted their price target on Whitecap Resources from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd.

Whitecap Resources Stock Performance

WCP opened at C$14.78 on Tuesday. The stock has a market cap of C$17.94 billion, a PE ratio of 14.93, a P/E/G ratio of -0.33 and a beta of 0.27. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 40.03. Whitecap Resources has a 1 year low of C$7.55 and a 1 year high of C$16.03. The stock's 50 day simple moving average is C$14.03 and its 200-day simple moving average is C$12.21.

Whitecap Resources (TSE:WCP - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported C$0.26 earnings per share (EPS) for the quarter. The business had revenue of C$1.51 billion for the quarter. Whitecap Resources had a return on equity of 10.14% and a net margin of 18.38%. Sell-side analysts forecast that Whitecap Resources will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were paid a $0.0608 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 4.9%. Whitecap Resources's payout ratio is currently 73.70%.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.

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