Whitecap Resources Inc. (TSE:WCP - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.27 and traded as high as C$10.39. Whitecap Resources shares last traded at C$10.21, with a volume of 2,485,495 shares.
Analyst Ratings Changes
Several brokerages have recently commented on WCP. Canaccord Genuity Group decreased their price objective on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. National Bankshares reduced their target price on Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Desjardins lifted their price target 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. Raymond James upgraded shares of Whitecap Resources to a "hold" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada upgraded shares of Whitecap Resources to a "moderate buy" rating in a research note on Friday, July 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$13.61.
Check Out Our Latest Analysis on WCP
Whitecap Resources Stock Performance
The firm's 50 day moving average is C$10.40 and its 200-day moving average is C$10.27. The stock has a market capitalization of C$6.12 billion, a price-to-earnings ratio of 8.17, a PEG ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94.
Whitecap Resources Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.15%. The ex-dividend date of this dividend was Thursday, October 31st. Whitecap Resources's payout ratio is currently 58.40%.
Insider Activity
In other news, Director Mary-Jo Case bought 5,000 shares of Whitecap Resources stock in a transaction on Monday, October 28th. The stock was acquired at an average price of C$10.44 per share, with a total value of C$52,200.00. Also, Senior Officer Thanh Chan Kang bought 10,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of C$10.48 per share, for a total transaction of C$104,800.00. Insiders have acquired 25,000 shares of company stock worth $261,300 in the last ninety days. Company insiders own 0.84% of the company's stock.
Whitecap Resources Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Whitecap Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Whitecap Resources wasn't on the list.
While Whitecap Resources currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
