Whitecap Resources Inc. (TSE:WCP) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$13.68.

A number of research firms recently issued reports on WCP. Canaccord Genuity Group dropped their target price on shares of Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Desjardins upped their price target on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Raymond James upgraded Whitecap Resources to a "hold" rating in a report on Thursday, October 17th. ATB Capital cut their target price on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, National Bankshares lowered their price objective on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th.

Whitecap Resources Trading Down 0.1 %

TSE WCP traded down C$0.01 during trading hours on Friday, hitting C$10.00. 1,996,630 shares of the company's stock were exchanged, compared to its average volume of 2,202,462. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.31. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The stock has a 50-day simple moving average of C$10.14 and a 200 day simple moving average of C$10.25. The firm has a market cap of C$5.99 billion, a price-to-earnings ratio of 8.00, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date of this dividend is Friday, January 31st. Whitecap Resources's payout ratio is 58.40%.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 10,000 shares of Whitecap Resources stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of C$10.48 per share, for a total transaction of C$104,800.00. Also, Director Mary-Jo Case purchased 5,000 shares of Whitecap Resources stock in a transaction dated Monday, October 28th. The stock was bought at an average price of C$10.44 per share, with a total value of C$52,200.00. Over the last 90 days, insiders purchased 25,000 shares of company stock worth $261,300. 0.84% of the stock is owned by company insiders.

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.