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

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$13.68.

Several equities analysts have recently weighed in on WCP shares. 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 research report on Thursday, October 24th. National Bankshares 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 research report on Thursday, January 30th. Canaccord Genuity Group cut their target price on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Finally, Desjardins boosted their target price on 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.

Whitecap Resources Trading Down 0.1 %

Shares of TSE WCP traded down C$0.01 during trading hours on Thursday, hitting C$9.72. 1,185,515 shares of the company traded hands, compared to its average volume of 2,052,104. The stock has a market capitalization of C$5.68 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The company's 50 day moving average price is C$9.97 and its 200 day moving average price is C$10.20. Whitecap Resources has a 12 month low of C$8.41 and a 12 month high of C$11.31.

Whitecap Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources's payout ratio is currently 49.25%.

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.