Whitecap Resources (TSE:WCP) Share Price Passes Above 200-Day Moving Average of $10.22

Whitecap Resources Inc. (TSE:WCP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.22 and traded as high as C$10.55. Whitecap Resources shares last traded at C$10.34, with a volume of 2,136,298 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WCP. Jefferies Financial Group lowered their price target on Whitecap Resources from C$12.00 to C$11.00 and set a "buy" rating on the stock in a research report on Monday, September 16th. Scotiabank raised their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. Finally, Royal Bank of Canada upgraded shares of Whitecap Resources to a "moderate buy" rating in a research note on Friday, July 26th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$13.61.

Whitecap Resources Trading Down 4.2 %

The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. The business's 50 day simple moving average is C$10.19 and its 200 day simple moving average is C$10.22. The stock has a market cap of C$5.94 billion, a P/E ratio of 8.27, a PEG ratio of -0.33 and a beta of 2.69.

Whitecap Resources (TSE:WCP - Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. The business had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$946.00 million. On average, analysts expect that Whitecap Resources Inc. will post 1.0603015 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date is Monday, September 30th. Whitecap Resources's dividend payout ratio (DPR) is currently 58.40%.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim sold 20,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00. In related news, Director Grant Bradley Fagerheim sold 20,000 shares of Whitecap Resources stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00. Also, Director Chandra Henry purchased 10,000 shares of Whitecap Resources stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average price of C$10.00 per share, for a total transaction of C$100,000.00. Company insiders own 0.83% 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.