Desjardins set a C$12.00 price target on Whitecap Resources (TSE:WCP - Free Report) in a research report sent to investors on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.
WCP has been the topic of several other reports. National Bankshares lowered 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. Raymond James raised Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price objective on the stock in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$13.52.
Read Our Latest Stock Report on WCP
Whitecap Resources Stock Performance
WCP traded up C$0.02 during trading on Wednesday, hitting C$9.33. The company's stock had a trading volume of 6,770,399 shares, compared to its average volume of 3,625,322. Whitecap Resources has a one year low of C$7.88 and a one year high of C$11.31. The business's 50 day simple moving average is C$9.60 and its 200-day simple moving average is C$10.03. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The firm has a market cap of C$5.45 billion, a PE ratio of 6.29, a P/E/G ratio of -0.33 and a beta of 2.67.
Whitecap Resources Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.0608 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a yield of 7.82%. Whitecap Resources's dividend payout ratio is presently 49.25%.
Insider Buying and Selling at Whitecap Resources
In other news, Director Grant Bradley Fagerheim purchased 30,000 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of C$8.42 per share, for a total transaction of C$252,600.00. Also, Senior Officer Thanh Chan Kang bought 9,720 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of C$8.43 per share, with a total value of C$81,939.60. Insiders purchased a total of 51,920 shares of company stock valued at $439,368 in the last three months. 0.84% of the stock is currently owned by corporate insiders.
About Whitecap Resources
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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.
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