Whitecap Resources (TSE:WCP) Hits New 52-Week High - What's Next?

Key Points

• Shares of Whitecap Resources reached a new 52-week high at C$16.28 (last C$16.26) on high volume, and analysts have been raising targets — the consensus rating is Buy with a consensus target of C$16.73 and individual targets as high as C$20.00.
• The company declared a monthly dividend of C$0.0608 (annualized yield ≈ 4.5%), but the dividend payout ratio is nearly 100%, which could raise questions about sustainability.
• Fundamentals: Whitecap reported Q1 EPS of C$0.02 on C$1.84 billion revenue, has a market cap of C$19.81 billion and a PE of 22.36, and its 50-/200-day moving averages (C$14.53/C$12.59) suggest recent upward momentum.

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$16.28 and last traded at C$16.26, with a volume of 2811566 shares traded. The stock had previously closed at C$16.08.

Wall Street Analyst Weigh In

WCP has been the topic of a number of recent analyst reports. Raymond James Financial increased their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Scotiabank upgraded Whitecap Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 19th. ATB Cormark Capital Markets lifted their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Desjardins raised their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Finally, TD lifted their target price on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$16.73.

Whitecap Resources Stock Performance

The firm has a 50-day moving average of C$14.53 and a two-hundred day moving average of C$12.59. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. The company has a market capitalization of C$19.81 billion, a PE ratio of 22.36, a PEG ratio of -0.33 and a beta of 0.27.

Whitecap Resources (TSE:WCP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$1.84 billion during the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. Research analysts anticipate that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be given a dividend of $0.0608 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, April 30th. Whitecap Resources's dividend payout ratio (DPR) is currently 99.95%.

Insiders Place Their Bets

In other news, Director Grant Bradley Fagerheim sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of C$13.76, for a total value of C$68,800.00. Following the completion of the sale, the director directly owned 3,278,099 shares in the company, valued at C$45,106,642.24. The trade was a 0.15% decrease in their ownership of the stock. Insiders sold 6,100 shares of company stock worth $83,826 in the last three months. 0.84% of the stock is currently owned by company insiders.

Whitecap Resources Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.