Whitecap Resources Inc. (TSE:WCP – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.96 and traded as high as C$16.88. Whitecap Resources shares last traded at C$16.79, with a volume of 6,121,633 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. National Bank Financial increased their price objective 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. Scotia lifted their target price on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 30th. Raymond James Financial boosted their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Desjardins set a C$22.00 price target on shares of Whitecap Resources and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Royal Bank Of Canada raised their price target on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$18.55.
Read Our Latest Analysis on WCP
Whitecap Resources Stock Performance
Whitecap Resources (TSE:WCP – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.73 earnings per share 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 for the quarter. On average, research analysts predict that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.
Whitecap Resources Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.0608 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, July 31st. Whitecap Resources’s dividend payout ratio (DPR) is 65.14%.
Insider Activity
In other news, Director Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock in a transaction dated Monday, July 6th. The stock was acquired 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 C$47,835,111.54. This represents a 0.30% increase in their ownership of the stock. Also, insider Joseph Adam Wong acquired 7,500 shares of Whitecap Resources stock in a transaction dated Monday, July 6th. The stock was purchased at an average price of C$14.46 per share, with a total value of C$108,450.00. Following the completion of the purchase, the insider directly owned 111,416 shares of the company’s stock, valued at C$1,611,075.36. The trade was a 7.22% increase in their position. Insiders have bought a total of 31,500 shares of company stock valued at $481,010 over the last 90 days. 0.84% of the stock is currently owned by company insiders.
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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