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

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) have received a consensus recommendation of "Buy" from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$13.52.

A number of research firms have recently commented on WCP. Raymond James raised shares of Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 target price on the stock in a research report on Tuesday. National Bankshares dropped their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Finally, Desjardins decreased their price objective on shares of Whitecap Resources from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Tuesday.

Whitecap Resources Stock Up 3.1 %

Shares of TSE:WCP traded up C$0.26 during mid-day trading on Monday, hitting C$8.56. 10,778,950 shares of the company traded hands, compared to its average volume of 3,214,402. The firm's 50 day simple moving average is C$9.81 and its 200 day simple moving average is C$10.10. The firm has a market cap of C$5.00 billion, a P/E ratio of 5.78, a PEG ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. Whitecap Resources has a 52-week low of C$7.88 and a 52-week high of C$11.31.

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Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a yield of 8.52%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources's payout ratio is currently 49.25%.

Insiders Place Their Bets

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 30,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of C$8.42 per share, with a total value of C$252,600.00. Also, Senior Officer Thanh Chan Kang acquired 9,720 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of C$8.43 per share, for a total transaction of C$81,939.60. 0.84% of the stock is currently 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.