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TSE:WCP

Whitecap Resources - WCP Stock Forecast, Price & News

C$8.78
-0.25 (-2.77%)
(As of 08/16/2022 05:17 PM ET)
Add
Compare
Today's Range
C$8.76
C$9.25
50-Day Range
C$8.21
C$12.54
52-Week Range
C$4.69
C$12.71
Volume
2.37 million shs
Average Volume
4.27 million shs
Market Capitalization
C$5.43 billion
P/E Ratio
1.94
Dividend Yield
4.88%
Price Target
C$14.54

Whitecap Resources MarketRank™ Forecast

Analyst Rating
Buy
3.10 Rating Score
Upside/​Downside
65.6% Upside
C$14.54 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$454,358 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.

2.71 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 Stock Performance

Whitecap Resources stock traded down C$0.23 during midday trading on Monday, hitting C$9.03. 2,899,298 shares of the company's stock were exchanged, compared to its average volume of 4,283,791. Whitecap Resources has a 12-month low of C$4.69 and a 12-month high of C$12.71. The company has a debt-to-equity ratio of 18.80, a quick ratio of 1.02 and a current ratio of 1.05. The stock has a market cap of C$5.59 billion and a price-to-earnings ratio of 1.99. The firm's 50 day simple moving average is C$9.45 and its 200 day simple moving average is C$9.88.

Whitecap Resources (TSE:WCP - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported C$0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.52 by C$0.09. The business had revenue of C$1.35 billion for the quarter. Equities research analysts predict that Whitecap Resources will post 1.7899999 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WCP shares. Haywood Securities reduced their price objective on shares of Whitecap Resources from C$18.00 to C$16.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. TD Securities raised their price objective on shares of Whitecap Resources from C$15.00 to C$15.50 and gave the company a "buy" rating in a report on Friday, April 29th. Scotiabank raised their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a report on Wednesday, June 8th. ATB Capital raised their price objective on shares of Whitecap Resources from C$15.00 to C$15.50 and gave the company a "na" rating in a report on Wednesday, June 29th. Finally, National Bankshares reduced their price objective on shares of 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. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Whitecap Resources presently has a consensus rating of "Buy" and a consensus price target of C$14.32.

Insiders Place Their Bets

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction on Thursday, June 30th. The shares were bought at an average cost of C$9.12 per share, with a total value of C$91,200.00. Following the transaction, the director now owns 2,630,867 shares of the company's stock, valued at approximately C$23,993,507.04. In other news, Senior Officer Joel Maxwell Armstrong bought 30,000 shares of the stock in a transaction dated Thursday, June 30th. The shares were acquired at an average price of C$9.12 per share, with a total value of C$273,600.00. Following the completion of the acquisition, the insider now directly owns 316,998 shares in the company, valued at C$2,891,021.76. Also, Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction dated Thursday, June 30th. The stock was purchased at an average cost of C$9.12 per share, for a total transaction of C$91,200.00. Following the acquisition, the director now owns 2,630,867 shares of the company's stock, valued at C$23,993,507.04. In the last three months, insiders have acquired 50,600 shares of company stock valued at $454,358.

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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
Whitecap Resources Inc. (WCP)
See More Headlines
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WCP Company Calendar

Last Earnings
7/28/2022
Today
8/16/2022
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
+65.6%
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$0.31 per share
Book Value
C$7.53 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.43 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 analysts have issued 12 month price targets for Whitecap Resources' shares. Their WCP share price forecasts range from C$10.50 to C$17.50. On average, they expect the company's share price to reach C$14.54 in the next year. This suggests a possible upside of 65.6% 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 the year. Since then, WCP stock has increased by 17.2% and is now trading at C$8.78.
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) announced its quarterly earnings results on Thursday, July, 28th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. The company earned $1.35 billion during the quarter.

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

Whitecap Resources declared a monthly dividend on Friday, February 25th. Investors 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 3.08%. 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 4.88%. 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$8.78.

How much money does Whitecap Resources make?

Whitecap Resources (TSE:WCP) has a market capitalization of C$5.43 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 8/16/2022 by MarketBeat.com Staff

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