Whitecap Resources Inc. (TSE:WCP – Get Free Report) has been given a consensus recommendation of “Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$18.55.
WCP has been the topic of several recent research reports. Raymond James Financial increased their price objective on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. National Bank Financial lifted their price target on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Scotia boosted their price objective on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets upped their price objective on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Desjardins set a C$22.00 target price on Whitecap Resources and gave the company a “buy” rating in a research note on Friday, July 17th.
Read Our Latest Stock Analysis on WCP
Whitecap Resources Price Performance
Whitecap Resources (TSE:WCP – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%.The business had revenue of C$2.35 billion during the quarter. As a group, analysts forecast that Whitecap Resources will post 1.1226131 earnings per share for the current year.
Whitecap Resources Announces Dividend
The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were given a $0.0608 dividend. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.0%. Whitecap Resources’s dividend payout ratio (DPR) is currently 65.14%.
Insider Buying and Selling
In related news, Director Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock in a transaction dated Monday, July 6th. The shares were acquired at an average cost of C$14.46 per share, with a total value of C$144,600.00. Following the completion of the transaction, the director owned 3,308,099 shares in the company, valued at C$47,835,111.54. The trade was a 0.30% increase in their position. Also, insider Joseph Adam Wong purchased 7,500 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were purchased at an average price of C$14.46 per share, for a total transaction of C$108,450.00. Following the purchase, the insider owned 111,416 shares of the company’s stock, valued at approximately C$1,611,075.36. This trade represents a 7.22% increase in their position. In the last three months, insiders acquired 25,500 shares of company stock valued at $380,990. Insiders own 0.84% of the company’s stock.
Whitecap Resources Company Profile
Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.
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