Whitecap Resources (TSE:WCP) Price Target Lowered to C$11.50 at Desjardins

Whitecap Resources (TSE:WCP - Free Report) had its price objective reduced by Desjardins from C$12.00 to C$11.50 in a report issued on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

WCP has been the topic of a number of other reports. National Bankshares reduced their price objective 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. Raymond James raised 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 note on Tuesday, March 11th. Finally, CIBC reduced their price objective on shares of Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Whitecap Resources currently has a consensus rating of "Buy" and a consensus target price of C$13.30.

Whitecap Resources Price Performance

Shares of WCP stock traded up C$0.19 during trading hours on Tuesday, reaching C$8.19. 4,676,542 shares of the company were exchanged, compared to its average volume of 4,279,916. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The company has a market cap of C$4.78 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of -0.33 and a beta of 2.67. The stock's fifty day moving average is C$8.93 and its two-hundred day moving average is C$9.77. Whitecap Resources has a fifty-two week low of C$6.87 and a fifty-two week high of C$11.31.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.0608 per share. Whitecap Resources's dividend payout ratio is 49.25%.

Insider Activity at Whitecap Resources

In other news, Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average cost of C$7.17 per share, for a total transaction of C$71,700.00. Also, Senior Officer Thanh Chan Kang purchased 9,720 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of C$8.43 per share, for a total transaction of C$81,939.60. Over the last quarter, insiders have purchased 98,120 shares of company stock valued at $835,336. 0.84% of the stock is owned by insiders.

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.