Whitecap Resources (TSE:WCP) Rating Increased to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Whitecap Resources (TSE:WCP - Free Report) to a strong-buy rating in a report published on Monday, May 12th,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Desjardins lowered their price objective on Whitecap Resources from C$12.00 to C$11.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. National Bankshares upped their price objective on shares of Whitecap Resources from C$14.50 to C$15.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. CIBC dropped their target price on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Raymond James boosted their target price on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, Scotiabank upgraded Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price target for the company in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Whitecap Resources has an average rating of "Buy" and an average price target of C$12.88.

Whitecap Resources Stock Down 0.9%

Shares of TSE:WCP traded down C$0.08 on Monday, reaching C$8.50. The company had a trading volume of 4,758,028 shares, compared to its average volume of 5,657,560. The stock has a 50-day moving average price of C$8.37 and a 200 day moving average price of C$9.40. 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 twelve month low of C$6.87 and a twelve month high of C$11.31. The stock has a market capitalization of C$4.96 billion, a P/E ratio of 5.73, a P/E/G ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

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

Insider Activity

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 8,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was acquired at an average price of C$8.55 per share, with a total value of C$72,675.00. Also, Senior Officer Thanh Chan Kang purchased 10,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of C$8.45 per share, for a total transaction of C$84,500.00. Over the last 90 days, insiders acquired 131,620 shares of company stock valued at $1,105,011. Insiders own 0.84% of the company's stock.

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.