Whitecap Resources Inc. (TSE:WCP - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.13 and traded as high as C$9.35. Whitecap Resources shares last traded at C$9.24, with a volume of 4,241,797 shares.
Analysts Set New Price Targets
Several analysts have issued reports on the company. National Bankshares boosted their price objective on Whitecap Resources from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. CIBC lowered their price target on Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Raymond James Financial raised Whitecap Resources from a "moderate buy" rating to a "strong-buy" rating and boosted their price target for the company from C$12.00 to C$13.00 in a research note on Thursday. National Bank Financial raised Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. Finally, Desjardins lowered Whitecap Resources from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$13.00.
Get Our Latest Research Report on WCP
Whitecap Resources Price Performance
The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The company has a 50 day moving average price of C$8.75 and a 200 day moving average price of C$9.12. The company has a market capitalization of C$5.41 billion, a P/E ratio of 6.25, a P/E/G ratio of -0.33 and a beta of 2.67.
Whitecap Resources Dividend Announcement
The firm also recently announced a jun 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.0608 per share. Whitecap Resources's payout ratio is 49.25%.
Insider Activity at Whitecap Resources
In related news, Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was purchased at an average cost of C$8.72 per share, with a total value of C$87,200.00. Also, Director Bradley John Wall bought 11,500 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was purchased at an average cost of C$8.77 per share, with a total value of C$100,855.00. Insiders have acquired a total of 65,000 shares of company stock worth $529,430 in the last 90 days. Corporate insiders own 0.84% of the company's stock.
Whitecap Resources Company Profile
(
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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.
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