Whitecap Resources Inc. (TSE:WCP – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as C$19.11 and last traded at C$19.10, with a volume of 2758007 shares trading hands. The stock had previously closed at C$18.68.
Analysts Set New Price Targets
A number of research firms have recently issued reports on WCP. TD boosted their price target on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday. National Bank Financial increased their price objective on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Desjardins set a C$22.00 target price on shares of Whitecap Resources and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada boosted their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$18.82.
View Our Latest Stock Analysis on Whitecap Resources
Whitecap Resources Stock Performance
Whitecap Resources (TSE:WCP – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 EPS for the quarter. Whitecap Resources had a net margin of 19.66% and a return on equity of 12.87%. The business had revenue of C$2.35 billion during the quarter. Analysts predict that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.
Whitecap Resources Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were paid a dividend of $0.0608 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, July 31st. Whitecap Resources’s payout ratio is presently 65.14%.
Insider Activity
In other news, Director Grant Bradley Fagerheim bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average cost of C$14.46 per share, for a total transaction of C$144,600.00. Following the completion of the purchase, the director owned 3,308,099 shares of the company’s stock, valued at approximately C$47,835,111.54. This represents a 0.30% increase in their ownership of the stock. Also, insider Joseph Adam Wong bought 7,500 shares of Whitecap Resources stock in a transaction that occurred on Monday, July 6th. The stock was purchased at an average cost of C$14.46 per share, for a total transaction of C$108,450.00. Following the acquisition, the insider owned 111,416 shares of the company’s stock, valued at C$1,611,075.36. This represents a 7.22% increase in their ownership of the stock. Company insiders own 0.84% of the company’s stock.
About Whitecap Resources
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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