Whitecap Resources (TSE:WCP) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Technical breakout: Whitecap's stock moved above its 200‑day moving average (200‑day MA C$10.37), trading as high as C$11.34 and last at C$11.30 on roughly 4.07M shares, suggesting bullish momentum.
• Analyst bullishness: Several firms raised ratings and price targets (including upgrades to "strong‑buy"), and the MarketBeat consensus target is C$14.08 with an average rating of "Buy."
• Income and valuation: Whitecap pays a monthly dividend that annualizes to about a 6.5% yield (DPR ~64.6%) while trading at a P/E of 10.0 and reporting recent quarterly EPS of C$0.17 with solid margins and ROE (~15.9%).

Whitecap Resources Inc. (TSE:WCP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.37 and traded as high as C$11.34. Whitecap Resources shares last traded at C$11.30, with a volume of 4,065,490 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on WCP. Scotiabank upped their price target on Whitecap Resources from C$12.00 to C$14.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 9th. Tudor Pickering upgraded Whitecap Resources to a "strong-buy" rating in a report on Wednesday, October 15th. National Bankshares set a C$15.00 price objective on shares of Whitecap Resources and gave the stock an "outperform" rating in a research note on Wednesday, November 26th. Desjardins upped their price objective on shares of Whitecap Resources from C$13.00 to C$13.50 and gave the stock a "buy" rating in a report on Friday, October 24th. Finally, Capital One Financial upgraded shares of Whitecap Resources to a "strong-buy" rating in a report on Monday, October 27th. Four equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Whitecap Resources has an average rating of "Buy" and a consensus target price of C$14.08.

Whitecap Resources Trading Up 1.7%

The firm has a market cap of C$13.72 billion, a P/E ratio of 10.00, a PEG ratio of -0.33 and a beta of 0.55. The company's 50 day moving average is C$11.04 and its two-hundred day moving average is C$10.37. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.17 EPS for the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%.The firm had revenue of C$1.55 billion during the quarter. On average, sell-side analysts predict that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a $0.0608 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Friday, October 31st. Whitecap Resources's dividend payout ratio (DPR) is 64.57%.

Insiders Place Their Bets

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 15,000 shares of Whitecap Resources stock in a transaction dated Friday, October 10th. The stock was bought at an average cost of C$10.60 per share, with a total value of C$159,000.00. Following the acquisition, the director owned 3,220,745 shares of the company's stock, valued at approximately C$34,139,897. The trade was a 0.47% increase in their ownership of the stock. Also, Director Bradley John Wall bought 2,800 shares of the firm's stock in a transaction dated Wednesday, October 29th. The shares were acquired at an average price of C$10.70 per share, for a total transaction of C$29,960.00. Following the completion of the transaction, the director owned 3,800 shares in the company, valued at C$40,660. This represents a 280.00% increase in their position. 0.84% of the stock is owned by insiders.

Whitecap Resources Company Profile

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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