Whitecap Resources (TSE:WCP) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Whitecap Resources Inc. (TSE:WCP - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.09 and traded as high as C$9.98. Whitecap Resources shares last traded at C$9.90, with a volume of 5,247,420 shares changing hands.

Analyst Upgrades and Downgrades

WCP has been the topic of several research reports. National Bank Financial raised Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. Raymond James Financial upped their target price on Whitecap Resources from C$13.00 to C$14.00 and gave the company a "strong-buy" rating in a research report on Thursday. CIBC cut their target price on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Desjardins downgraded Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. Finally, Scotiabank raised 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 report on Thursday, May 22nd. One 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$13.13.

Whitecap Resources Stock Performance

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 capitalization of C$6.17 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The firm's fifty day simple moving average is C$9.24 and its 200 day simple moving average is C$9.11.

Whitecap Resources Dividend Announcement

The firm also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.0608 dividend. This represents a yield of 7.54%. The ex-dividend date is Thursday, July 31st. Whitecap Resources's payout ratio is 49.25%.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim bought 15,000 shares of the stock in a transaction dated Thursday, July 10th. The shares were acquired at an average cost of C$9.43 per share, with a total value of C$141,450.00. Also, Director Bradley John Wall bought 11,500 shares of the stock in a transaction dated Thursday, May 29th. The shares were purchased at an average cost of C$8.77 per share, for a total transaction of C$100,855.00. Over the last three months, insiders have acquired 70,000 shares of company stock valued at $599,180. 0.84% of the stock is owned by insiders.

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.