Whitecap Resources (TSE:WCP) Stock Passes Above 200 Day Moving Average – Time to Sell?

Whitecap Resources Inc. (TSE:WCP)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.37 and traded as high as C$10.71. Whitecap Resources shares last traded at C$10.65, with a volume of 5,716,887 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Desjardins raised Whitecap Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from C$12.00 to C$12.50 in a research report on Tuesday, August 26th. Raymond James Financial lifted their target price on Whitecap Resources from C$13.00 to C$14.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$13.57.

Whitecap Resources Trading Up 1.2%

The business has a 50-day simple moving average of C$10.45 and a two-hundred day simple moving average of C$9.37. The stock has a market cap of C$13.12 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of -0.33 and a beta of 0.74. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

Whitecap Resources Announces Dividend

The firm also recently declared a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.0608 per share. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.97%.

Insiders Place Their Bets

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 15,000 shares of the stock in a transaction on Thursday, July 10th. The shares were purchased at an average price of C$9.43 per share, with a total value of C$141,450.00. Insiders purchased a total of 25,000 shares of company stock worth $246,600 over the last 90 days. 0.84% of the stock is owned by insiders.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.