Analysts Set Whitecap Resources Inc. (TSE:WCP) Price Target at C$13.61

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$13.61.

Several research analysts recently issued reports on WCP shares. ATB Capital lowered their target price 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. Raymond James raised Whitecap Resources to a "hold" rating in a research report on Thursday, October 17th. National Bankshares lowered their target price on Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Jefferies Financial Group lowered their target price on Whitecap Resources from C$12.00 to C$11.00 and set a "buy" rating for the company in a research report on Monday, September 16th. Finally, Desjardins raised their target price on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th.

Whitecap Resources Price Performance

Shares of TSE WCP traded down C$0.05 during mid-day trading on Friday, hitting C$10.23. 2,039,600 shares of the stock traded hands, compared to its average volume of 2,297,159. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.31. The company has a market cap of C$6.13 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The firm has a 50 day simple moving average of C$10.47 and a two-hundred day simple moving average of C$10.28.

Whitecap Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.13%. The ex-dividend date of this dividend is Friday, November 29th. Whitecap Resources's dividend payout ratio (DPR) is presently 58.40%.

Insider Transactions at Whitecap Resources

In other news, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of Whitecap Resources stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of C$10.43 per share, for a total transaction of C$104,300.00. Also, Director Mary-Jo Case bought 5,000 shares of Whitecap Resources stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of C$10.44 per share, with a total value of C$52,200.00. In the last ninety days, insiders acquired 25,000 shares of company stock valued at $261,300. Corporate 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.