Desjardins Has Lowered Expectations for Whitecap Resources (TSE:WCP) Stock Price

Whitecap Resources (TSE:WCP - Free Report) had its target price reduced by Desjardins from C$13.00 to C$12.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, National Bankshares decreased their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$13.52.

Whitecap Resources Trading Up 2.3 %

Shares of WCP stock traded up C$0.19 on Tuesday, reaching C$8.63. 4,673,911 shares of the stock were exchanged, compared to its average volume of 3,292,624. The stock has a market cap of C$5.04 billion, a PE ratio of 5.82, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a one year low of C$7.88 and a one year high of C$11.31. 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 stock has a 50 day moving average price of C$9.77 and a 200 day moving average price of C$10.09.

Whitecap Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 8.45%. Whitecap Resources's dividend payout ratio is currently 49.25%.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 30,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of C$8.42 per share, for a total transaction of C$252,600.00. Also, Senior Officer Thanh Chan Kang bought 9,720 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of C$8.43 per share, for a total transaction of C$81,939.60. Insiders bought 49,720 shares of company stock valued at $419,040 over the last three months. Company insiders own 0.84% of the company's stock.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.