Whitecap Resources Inc. (TSE:WCP) Receives C$13.68 Consensus Price Target from Analysts

Whitecap Resources Inc. (TSE:WCP) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$13.68.

Several analysts recently issued reports on WCP shares. ATB Capital reduced their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. National Bankshares dropped their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Desjardins lifted their target price on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Whitecap Resources Trading Up 0.3 %

WCP opened at C$9.90 on Thursday. The stock has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. Whitecap Resources has a twelve month low of C$8.83 and a twelve month high of C$11.31. The company has a 50-day simple moving average of C$9.96 and a 200 day simple moving average of C$10.19.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources’s payout ratio is 49.25%.

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.