Whitecap Resources Inc. (TSE:WCP - Get Free Report) Senior Officer Joel Maxwell Armstrong purchased 10,000 shares of Whitecap Resources stock in a transaction dated Monday, October 28th. The stock was acquired at an average price of C$10.43 per share, for a total transaction of C$104,300.00.
Whitecap Resources Price Performance
WCP traded down C$0.22 on Monday, hitting C$10.45. 2,391,826 shares of the company were exchanged, compared to its average volume of 2,302,401. The firm has a market capitalization of C$6.26 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The business's fifty day moving average is C$10.36 and its 200 day moving average is C$10.29. Whitecap Resources Inc. has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.31.
Whitecap Resources Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a dividend yield of 6.98%. The ex-dividend date is Thursday, October 31st. Whitecap Resources's payout ratio is 58.40%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Scotiabank upped their target price on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. Desjardins lifted their target price on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group lowered their target price on Whitecap Resources from C$12.00 to C$11.00 and set a "buy" rating on the stock in a research note on Monday, September 16th. Canaccord Genuity Group decreased their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Finally, Raymond James raised shares of Whitecap Resources to a "hold" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$13.61.
Get Our Latest Report on Whitecap Resources
About Whitecap Resources
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Whitecap Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Whitecap Resources wasn't on the list.
While Whitecap Resources currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
