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 given an average recommendation of "Moderate Buy" by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$13.61.

A number of analysts have recently issued reports on the company. ATB Capital dropped their price target on 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. Desjardins lifted 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 raised shares of Whitecap Resources to a "hold" rating in a report on Thursday, October 17th. Canaccord Genuity Group dropped their price objective on shares of Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group reduced 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.

Insider Buying and Selling

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

Whitecap Resources Price Performance

TSE:WCP traded up C$0.08 during trading hours on Wednesday, hitting C$9.94. 804,315 shares of the company's stock traded hands, compared to its average volume of 2,280,698. The firm has a market cap of C$5.96 billion, a P/E ratio of 7.95, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. The business's fifty day simple moving average is C$10.20 and its two-hundred day simple moving average is C$10.22. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.31.

Whitecap Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date is Tuesday, December 31st. Whitecap Resources's dividend payout ratio (DPR) is presently 58.40%.

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.