A number of other research analysts also recently issued reports on WCP. National Bank Financial lowered their price target on Whitecap Resources from C$12.00 to C$11.50 and set an outperform rating on the stock in a report on Friday, October 13th. Raymond James Financial upped their price target on Whitecap Resources from C$13.00 to C$13.25 and gave the company an outperform rating in a report on Thursday, November 2nd. CIBC reaffirmed an outperform rating and set a C$12.50 price target on shares of Whitecap Resources in a report on Tuesday, December 5th. BMO Capital Markets upped their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the company an outperform rating in a report on Tuesday, December 5th. Finally, TD Securities upped their price target on Whitecap Resources from C$12.00 to C$13.00 and gave the company a buy rating in a report on Tuesday, December 5th. Seven research analysts have rated the stock with a buy rating, Whitecap Resources presently has an average rating of Buy and a consensus target price of C$13.22.
Whitecap Resources (TSE WCP) traded down C$0.07 during trading on Wednesday, reaching C$9.64. The company’s stock had a trading volume of 808,472 shares, compared to its average volume of 1,590,000. The company has a market capitalization of $4,030.00, a P/E ratio of 12.05 and a beta of 1.03. Whitecap Resources has a twelve month low of C$8.31 and a twelve month high of C$11.48.
Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, November 1st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). Whitecap Resources had a net margin of 1.91% and a return on equity of 0.46%.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be issued a $0.0257 dividend. This is an increase from Whitecap Resources’s previous monthly dividend of $0.02. The ex-dividend date is Tuesday, January 30th. This represents a $0.31 dividend on an annualized basis and a yield of 3.20%. Whitecap Resources’s dividend payout ratio is currently 34.95%.
In other news, Director Grant Bradley Fagerheim bought 10,200 shares of the stock in a transaction on Monday, December 4th. The shares were bought at an average price of C$8.91 per share, with a total value of C$90,882.00.
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About Whitecap Resources
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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