Whitecap Resources (TSE:WCP) Given New C$14.50 Price Target at National Bankshares

Whitecap Resources (TSE:WCP - Free Report) had its target price cut by National Bankshares from C$15.00 to C$14.50 in a research note published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Desjardins boosted their target price on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Raymond James upgraded shares of Whitecap Resources to a "hold" rating in a research report on Thursday, October 17th. ATB Capital lowered their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, Canaccord Genuity Group decreased their price target on shares of Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$13.68.

Whitecap Resources Stock Performance

TSE WCP traded down C$0.02 during trading on Thursday, reaching C$9.55. The company's stock had a trading volume of 3,027,716 shares, compared to its average volume of 2,154,581. The firm has a 50 day moving average price of C$10.05 and a 200 day moving average price of C$10.23. The firm has a market capitalization of C$5.72 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. Whitecap Resources has a 12 month low of C$8.15 and a 12 month high of C$11.31.

Whitecap Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend is Friday, January 31st. Whitecap Resources's dividend payout ratio is currently 58.40%.

Insider Activity

In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 10,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of C$10.48 per share, with a total value of C$104,800.00. 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.