Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.16 and traded as high as C$10.19. Whitecap Resources shares last traded at C$10.12, with a volume of 3,454,393 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have recently commented on WCP. Desjardins upgraded Whitecap Resources from a "hold" rating to a "buy" rating and upped their target price for the stock from C$12.00 to C$12.50 in a research note on Tuesday, August 26th. Raymond James Financial upped their target price on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. Scotiabank upgraded Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 target price on the stock in a research note on Thursday, May 22nd. Finally, National Bankshares upped their target price on Whitecap Resources from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$13.25.
View Our Latest Research Report on Whitecap Resources
Whitecap Resources Stock Performance
The firm has a 50 day simple moving average of C$10.13 and a 200-day simple moving average of C$9.18. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The company has a market cap of C$12.97 billion, a price-to-earnings ratio of 7.21, a PEG ratio of -0.33 and a beta of 0.74.
Whitecap Resources Dividend Announcement
The firm also recently announced a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 699.0%. Whitecap Resources's dividend payout ratio (DPR) is 49.97%.
Insider Transactions at Whitecap Resources
In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 5,000 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was bought at an average price of C$10.71 per share, with a total value of C$53,550.00. 0.84% of the stock is currently owned by company insiders.
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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