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TSE:WCP

Whitecap Resources - WCP Stock Forecast, Price & News

C$9.19
-0.10 (-1.08%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
C$9.09
C$9.26
50-Day Range
C$8.21
C$12.03
52-Week Range
C$4.78
C$12.71
Volume
2.91 million shs
Average Volume
4.24 million shs
Market Capitalization
C$5.69 billion
P/E Ratio
2.03
Dividend Yield
4.74%
Price Target
C$14.54

Whitecap Resources MarketRank™ Forecast

Analyst Rating
Buy
3.10 Rating Score
Upside/​Downside
58.4% Upside
C$14.54 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.05mentions of Whitecap Resources in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
C$546,268 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.89 out of 5 stars

WCP stock logo

About Whitecap Resources (TSE:WCP) Stock

Whitecap Resources Inc., oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent. Whitecap Resources Inc. is headquartered in Calgary, Canada.

Whitecap Resources Price Performance

WCP Stock traded down C$0.13 during midday trading on Friday, reaching C$9.16. 185,535 shares of the stock were exchanged, compared to its average volume of 4,224,958. Whitecap Resources has a 52 week low of C$4.78 and a 52 week high of C$12.71. The company has a fifty day moving average price of C$9.25 and a 200 day moving average price of C$9.87. The company has a debt-to-equity ratio of 18.80, a current ratio of 1.05 and a quick ratio of 1.02. The stock has a market capitalization of C$5.67 billion and a PE ratio of 2.05.

Whitecap Resources (TSE:WCP - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.52 by C$0.09. The firm had revenue of C$1.35 billion during the quarter. As a group, analysts expect that Whitecap Resources will post 1.821951 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Whitecap Resources from C$16.00 to C$14.00 in a research note on Friday, July 29th. National Bankshares decreased their target price on Whitecap Resources from C$22.00 to C$17.50 and set an "outperform" rating on the stock in a report on Monday, July 18th. Scotiabank lifted their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Wednesday, June 8th. Haywood Securities cut their target price on shares of Whitecap Resources from C$18.00 to C$16.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Finally, ATB Capital raised their price objective on shares of Whitecap Resources from C$15.00 to C$15.50 and gave the stock a "na" rating in a research report on Wednesday, June 29th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Whitecap Resources has a consensus rating of "Buy" and a consensus price target of C$14.32.

Insiders Place Their Bets

In related news, Director Grant Bradley Fagerheim acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 14th. The shares were bought at an average cost of C$7.90 per share, with a total value of C$39,500.00. Following the completion of the purchase, the director now directly owns 2,660,867 shares in the company, valued at C$21,020,849.30. In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 5,450 shares of the stock in a transaction dated Tuesday, August 16th. The stock was purchased at an average cost of C$8.80 per share, with a total value of C$47,960.00. Following the transaction, the insider now owns 596,438 shares in the company, valued at approximately C$5,248,654.40. Also, Director Grant Bradley Fagerheim bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 14th. The shares were acquired at an average price of C$7.90 per share, for a total transaction of C$39,500.00. Following the transaction, the director now owns 2,660,867 shares in the company, valued at C$21,020,849.30. In the last three months, insiders have purchased 60,450 shares of company stock valued at $540,310.

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WCP Stock News Headlines

Whitecap Resources (TSE:WCP) Price Target Cut to C$14.00
Whitecap Resources Inc stock raised on Friday.
Whitecap Resources Inc stock decreased on Friday.
Whitecap Resources Inc stock dipped on Thursday.
WCP Crosses Below Key Moving Average Level
Whitecap Resources Inc stock advanced on Monday.
Whitecap Resources Inc stock dipped on Friday.
Insiders buy as Whitecap Resources sets new highs
See More Headlines
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WCP Company Calendar

Last Earnings
7/28/2022
Today
8/19/2022
Next Earnings (Estimated)
10/27/2022

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
453
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$14.54
High Stock Price Forecast
C$17.50
Low Stock Price Forecast
C$10.50
Forecasted Upside/Downside
+58.2%
Consensus Rating
Buy
Rating Score (0-4)
3.10
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.26 billion
Cash Flow
C$0.33 per share
Book Value
C$7.53 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.69 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Grant Bradley Fagerheim (Age 63)
    Pres, CEO & Director
    Comp: $1.31M
  • Mr. Thanh C. Kang (Age 43)
    Sr. VP & CFO
    Comp: $943.08k
  • Mr. Joel M. Armstrong (Age 55)
    Sr. VP of Production & Operations
    Comp: $759.07k
  • Mr. David M. Mombourquette (Age 59)
    Sr. VP of Bus. Devel. & IT
    Comp: $759.4k
  • Mr. Darin Roy Dunlop (Age 55)
    Sr. VP of Engineering
    Comp: $759.07k
  • Mr. Andrew Bullock
    VP of Exploration & Geosciences
  • Mr. Jeffrey Byron Zdunich
    VP of Fin. & Controller













WCP Stock - Frequently Asked Questions

Should I buy or sell Whitecap Resources stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Whitecap Resources in the last year. There are currently 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WCP shares.
View WCP analyst ratings
or view top-rated stocks.

What is Whitecap Resources' stock price forecast for 2022?

10 equities research analysts have issued 1-year price targets for Whitecap Resources' stock. Their WCP share price forecasts range from C$10.50 to C$17.50. On average, they anticipate the company's stock price to reach C$14.54 in the next twelve months. This suggests a possible upside of 56.8% from the stock's current price.
View analysts price targets for WCP
or view top-rated stocks among Wall Street analysts.

How have WCP shares performed in 2022?

Whitecap Resources' stock was trading at C$7.49 at the beginning of 2022. Since then, WCP stock has increased by 23.8% and is now trading at C$9.27.
View the best growth stocks for 2022 here
.

When is Whitecap Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our WCP earnings forecast
.

How were Whitecap Resources' earnings last quarter?

Whitecap Resources Inc. (TSE:WCP) released its quarterly earnings data on Thursday, July, 28th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. The business earned $1.35 billion during the quarter.

How often does Whitecap Resources pay dividends? What is the dividend yield for Whitecap Resources?

Whitecap Resources announced a monthly dividend on Friday, February 25th. Shareholders of record on Tuesday, March 15th will be given a dividend of 0.0225 per share on Tuesday, March 15th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, February 25th.
Read our dividend analysis for WCP
.

Is Whitecap Resources a good dividend stock?

Whitecap Resources (TSE:WCP) pays an annual dividend of C$0.28 per share and currently has a dividend yield of 4.92%. WCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 6.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for WCP.

What other stocks do shareholders of Whitecap Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Whitecap Resources investors own include Enbridge (ENB), Vermilion Energy (VET), ARC Resources (ARX), Cenovus Energy (CVE), Baytex Energy (BTE), Air Canada (AC), Surge Energy (SGY), Crescent Point Energy (CPG), Canadian Natural Resources (CNQ) and MEG Energy (MEG).

What is Whitecap Resources' stock symbol?

Whitecap Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "WCP."

How do I buy shares of Whitecap Resources?

Shares of WCP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Whitecap Resources' stock price today?

One share of WCP stock can currently be purchased for approximately C$9.27.

How much money does Whitecap Resources make?

Whitecap Resources (TSE:WCP) has a market capitalization of C$5.73 billion and generates C$3.26 billion in revenue each year.

How many employees does Whitecap Resources have?

The company employs 453 workers across the globe.

How can I contact Whitecap Resources?

Whitecap Resources' mailing address is 3800-525 8 Ave SW, CALGARY, AB T2P 1G1, Canada. The official website for the company is www.wcap.ca. The company can be reached via phone at +1-403-2660767.

This page (TSE:WCP) was last updated on 8/19/2022 by MarketBeat.com Staff

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