Whitecap Resources Inc. (TSE:WCP) – Clarus Securities upped their FY2018 EPS estimates for shares of Whitecap Resources in a research note issued on Thursday, Zacks Investment Research reports. Clarus Securities analyst D. Choi now expects that the company will earn $0.36 per share for the year, up from their prior estimate of $0.25.
A number of other equities analysts have also commented on the stock. Needham & Company LLC reaffirmed an “outperform” rating and set a C$13.00 target price on shares of Whitecap Resources in a research report on Friday, December 15th. Raymond James Financial raised their target price on shares of Whitecap Resources from C$13.25 to C$14.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. TD Securities raised their target price on shares of Whitecap Resources from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. CIBC reaffirmed an “outperform” rating and set a C$12.50 target price on shares of Whitecap Resources in a research report on Tuesday, December 5th. Finally, BMO Capital Markets raised their target price on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 5th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$13.08.
Shares of Whitecap Resources (TSE WCP) traded down C$0.14 during trading hours on Monday, hitting C$7.70. 1,612,668 shares of the stock were exchanged, compared to its average volume of 1,828,552. The stock has a market capitalization of $3,280.00, a price-to-earnings ratio of -24.06 and a beta of 1.05. Whitecap Resources has a fifty-two week low of C$7.40 and a fifty-two week high of C$10.66.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 15th will be issued a dividend of $0.0257 per share. This represents a $0.31 annualized dividend and a yield of 4.01%. The ex-dividend date is Tuesday, February 27th. Whitecap Resources’s payout ratio is -87.75%.
In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were bought at an average cost of C$9.69 per share, with a total value of C$96,900.00. Also, Director Kenneth Stickland sold 4,856 shares of Whitecap Resources stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of C$8.77, for a total transaction of C$42,587.12. Over the last three months, insiders have purchased 43,800 shares of company stock worth $355,505.
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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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