Shares of Whitecap Resources Inc. (TSE:WCP – Get Free Report) have earned an average rating of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$18.55.
Several analysts recently issued reports on the company. Scotia increased their target price on Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 30th. National Bank Financial boosted their price target on Whitecap Resources from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Raymond James Financial upped their price target on 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. TD increased their price objective on shares of Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Desjardins set a C$22.00 price objective on shares of Whitecap Resources and gave the company a “buy” rating in a research report on Friday, July 17th.
Check Out Our Latest Research Report on WCP
Whitecap Resources Trading Up 2.7%
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 return on equity of 7.70% and a net margin of 13.32%.The business had revenue of C$2.35 billion for the quarter. On average, sell-side analysts anticipate that Whitecap Resources will post 1.1226131 earnings per share for the current fiscal year.
Whitecap Resources Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be paid a dividend of $0.0608 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, July 31st. Whitecap Resources’s dividend payout ratio (DPR) is presently 99.95%.
Insider Buying and Selling at Whitecap Resources
In other news, insider Travis Bjarne Tweit acquired 3,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of C$15.48 per share, for a total transaction of C$46,440.00. Following the completion of the transaction, the insider directly owned 230,204 shares in the company, valued at approximately C$3,563,557.92. This trade represents a 1.32% increase in their position. Also, insider Joseph Adam Wong acquired 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, with a total value of C$108,450.00. Following the transaction, the insider owned 111,416 shares of the company’s stock, valued at approximately C$1,611,075.36. This represents a 7.22% increase in their ownership of the stock. In the last ninety days, insiders have purchased 31,500 shares of company stock worth $481,010. 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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