Whitecap Resources (TSE:WCP) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Whitecap Resources crossed above its 200-day moving average (200‑day MA C$9.81), trading as high as C$10.92 and last at C$10.79 on volume of about 3.24 million shares.
• Analyst sentiment is positive: four "Strong Buy", three "Buy" and one "Hold" give a consensus "Buy" rating with a C$14.00 target, and recent upgrades include Raymond James raising its target to C$15 (strong‑buy).
• The company pays a monthly dividend with a reported yield of 6.8% (ex-dividend Oct 31), and shows valuation and balance-sheet metrics such as market cap C$13.1B and a P/E of 9.55.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.81 and traded as high as C$10.92. Whitecap Resources shares last traded at C$10.79, with a volume of 3,236,915 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WCP shares. Raymond James Financial increased their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a "strong-buy" rating in a report on Thursday, October 23rd. Tudor Pickering raised shares of Whitecap Resources to a "strong-buy" rating in a research report on Wednesday, October 15th. Desjardins increased their price target on shares of Whitecap Resources from C$13.00 to C$13.50 and gave the stock a "buy" rating in a research note on Friday, October 24th. National Bankshares decreased their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a report on Wednesday, October 22nd. Finally, Scotiabank boosted their price objective on shares of Whitecap Resources from C$12.00 to C$14.00 and gave the company a "sector perform" rating in a research note on Thursday, October 9th. Four investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$14.00.

Whitecap Resources Stock Performance

The stock's 50-day moving average is C$10.64 and its 200-day moving average is C$9.81. 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 stock has a market cap of C$13.10 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of -0.33 and a beta of 0.50.

Whitecap Resources (TSE:WCP - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.17 earnings per share for the quarter. Whitecap Resources had a net margin of 24.23% and a return on equity of 15.86%. The firm had revenue of C$1.54 billion for the quarter. On average, analysts expect that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be given a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, October 31st. Whitecap Resources's dividend payout ratio is 64.57%.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim acquired 15,000 shares of the business's stock in a transaction on Friday, October 10th. The shares were bought at an average cost of C$10.60 per share, with a total value of C$159,000.00. Following the completion of the transaction, the director directly owned 3,220,745 shares of the company's stock, valued at C$34,139,897. This trade represents a 0.47% increase in their position. Corporate insiders own 0.84% of the company's stock.

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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