Whitecap Resources (TSE:WCP) PT Lowered to C$11.00 at Jefferies Financial Group

Whitecap Resources (TSE:WCP) had its price target decreased by Jefferies Financial Group from C$12.00 to C$11.00 in a research report report published on Monday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. Royal Bank of Canada upgraded Whitecap Resources to a moderate buy rating in a report on Friday, July 26th. Scotiabank increased their target price on Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Buy and a consensus price target of C$13.61.

Whitecap Resources Price Performance

WCP opened at C$10.33 on Monday. The company has a fifty day moving average price of C$10.16 and a two-hundred day moving average price of C$10.19. The firm has a market capitalization of C$6.19 billion, a PE ratio of 8.26, a P/E/G ratio of -0.33 and a beta of 2.69. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.84. 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 (TSE:WCP) last issued its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.12. The firm had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$946.00 million. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. As a group, analysts anticipate that Whitecap Resources will post 1.001005 earnings per share for the current year.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Monday, September 30th. Whitecap Resources’s dividend payout ratio is 58.40%.

Insider Activity at Whitecap Resources

In other news, Director Grant Bradley Fagerheim acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were purchased at an average cost of C$10.19 per share, with a total value of C$101,900.00. 0.83% of the stock is owned by company 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.