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TSE:WCP

Whitecap Resources - WCP Stock Forecast, Price & News

C$9.29
+0.34 (+3.80%)
(As of 08/18/2022 04:15 PM ET)
Add
Compare
Today's Range
C$9.06
C$9.31
50-Day Range
C$8.21
C$12.23
52-Week Range
C$4.69
C$12.71
Volume
2.74 million shs
Average Volume
4.25 million shs
Market Capitalization
C$5.75 billion
P/E Ratio
2.05
Dividend Yield
4.92%
Price Target
C$14.54

Whitecap Resources MarketRank™ Forecast

Analyst Rating
Buy
3.10 Rating Score
Upside/​Downside
56.5% 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 4 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 Trading Up 1.9 %

WCP Stock traded up C$0.17 during midday trading on Wednesday, reaching C$8.95. 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 business has a 50 day moving average of C$9.38 and a 200 day moving average of C$9.87. Whitecap Resources has a 1-year low of C$4.69 and a 1-year high of C$12.71. The stock has a market cap of C$5.54 billion and a PE ratio of 1.98.

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. On average, equities analysts forecast that Whitecap Resources will post 1.821951 EPS for the current fiscal year.

Analyst Ratings Changes

WCP has been the topic of a number of analyst reports. BMO Capital Markets dropped their target price on Whitecap Resources from C$16.00 to C$14.00 in a research report on Friday, July 29th. National Bankshares lowered their price objective on Whitecap Resources from C$22.00 to C$17.50 and set an "outperform" rating for the company in a report on Monday, July 18th. TD Securities boosted their price objective on 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 boosted their price objective on Whitecap Resources from C$12.00 to C$13.00 in a report on Wednesday, June 8th. Finally, Royal Bank of Canada boosted their price objective on Whitecap Resources from C$14.00 to C$16.00 and gave the company an "outperform" rating in a report on Thursday, June 30th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Whitecap Resources currently has an average rating of "Buy" and an average target price of C$14.32.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock in a transaction dated Thursday, June 30th. The stock was acquired at an average cost of C$9.12 per share, for a total transaction of C$91,200.00. Following the completion of the transaction, the director now owns 2,630,867 shares in the company, valued at approximately C$23,993,507.04. In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock in a transaction dated Thursday, June 30th. The stock was acquired at an average cost of C$9.12 per share, for a total transaction of C$91,200.00. Following the completion of the transaction, the director now owns 2,630,867 shares in the company, valued at approximately C$23,993,507.04. Also, Senior Officer Joel Maxwell Armstrong acquired 30,000 shares of Whitecap Resources 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 transaction, the insider now owns 316,998 shares of the company's stock, valued at approximately C$2,891,021.76. Over the last three months, insiders acquired 61,050 shares of company stock worth $546,268.

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WCP Stock News Headlines

Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
Whitecap Resources (TSE:WCP) Price Target Cut to C$14.00
Whitecap Resources Inc stock raised on Friday.
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
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
8/18/2022
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
+56.5%
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$5.75 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 research analysts have issued "buy," "hold," and "sell" ratings for Whitecap Resources in the last twelve months. There are currently 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 predict the company's stock price to reach C$14.54 in the next year. This suggests a possible upside of 62.4% 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 19.5% and is now trading at C$8.95.
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 results on Thursday, July, 28th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. The company had revenue of $1.35 billion for 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. Investors of record on Tuesday, March 15th will be paid a dividend of 0.0225 per share on Tuesday, March 15th. This represents a $0.27 annualized dividend and a yield of 3.02%. 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 5.02%. 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$8.95.

How much money does Whitecap Resources make?

Whitecap Resources (TSE:WCP) has a market capitalization of C$5.54 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 8/18/2022 by MarketBeat.com Staff

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