Whitecap Resources (TSE:WCP) PT Lowered to C$14.00 at Canaccord Genuity Group

Whitecap Resources (TSE:WCP - Free Report) had its price objective trimmed by Canaccord Genuity Group from C$14.50 to C$14.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the stock. Scotiabank boosted their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Raymond James upgraded Whitecap Resources to a "hold" rating in a research report on Thursday, October 17th. Royal Bank of Canada raised Whitecap Resources to a "moderate buy" rating in a research report on Friday, July 26th. National Bankshares reduced their target price on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Finally, Jefferies Financial Group lowered their price target on shares of Whitecap Resources from C$12.00 to C$11.00 and set a "buy" rating on the stock in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$13.52.

Whitecap Resources Stock Performance

Shares of WCP stock traded up C$0.05 during trading hours on Tuesday, reaching C$10.49. The company had a trading volume of 2,459,625 shares, compared to its average volume of 2,303,941. 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 has a fifty day moving average price of C$10.34 and a 200-day moving average price of C$10.28. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.31. The firm has a market cap of C$6.29 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

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 analysts' consensus estimates of C$0.29 by C$0.12. The business had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$946.00 million. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. Sell-side analysts predict that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.0608 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.73 annualized dividend and a dividend yield of 6.96%. Whitecap Resources's dividend payout ratio (DPR) is presently 58.40%.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim sold 20,000 shares of the business's stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total transaction of C$204,400.00. Company insiders own 0.84% of the company's stock.

Whitecap Resources Company Profile

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.