Whitecap Resources Inc. (TSE:WCP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.12 and traded as high as C$10.18. Whitecap Resources shares last traded at C$10.17, with a volume of 4,846,405 shares traded.
Wall Street Analysts Forecast Growth
WCP has been the subject of several analyst reports. Raymond James Financial increased their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th. Desjardins lowered Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. National Bank Financial upgraded Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. 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 report on Thursday, May 22nd. Finally, National Bankshares raised their price target on Whitecap Resources from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Whitecap Resources currently has an average rating of "Buy" and a consensus price target of C$13.13.
Read Our Latest Stock Analysis on WCP
Whitecap Resources Stock Performance
The firm has a market capitalization of C$5.94 billion, a price-to-earnings ratio of 6.86, a PEG ratio of -0.33 and a beta of 2.67. 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 firm has a 50 day moving average price of C$9.70 and a 200-day moving average price of C$9.12.
Whitecap Resources Dividend Announcement
The business also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Sunday, August 31st will be paid a $0.0608 dividend. Whitecap Resources's payout ratio is currently 49.25%.
Insider Buying and Selling at Whitecap Resources
In related news, Director Bradley John Wall acquired 11,500 shares of Whitecap Resources stock in a transaction dated Thursday, May 29th. The shares were acquired at an average cost of C$8.77 per share, for a total transaction of C$100,855.00. Also, Director Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock in a transaction dated Wednesday, July 30th. The stock was bought at an average price of C$10.71 per share, for a total transaction of C$53,550.00. Over the last quarter, insiders bought 50,000 shares of company stock worth $455,730. Insiders own 0.84% of the company's stock.
About Whitecap Resources
(
Get Free Report)
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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