Shares of Whitecap Resources Inc. (TSE:WCP – Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$17.35 and last traded at C$17.35, with a volume of 1478834 shares. The stock had previously closed at C$17.07.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Royal Bank Of Canada raised their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. National Bank Financial upped their target price on 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. 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 report on Thursday, April 30th. ATB Cormark Capital Markets lifted their price target on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Raymond James Financial boosted 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 research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$18.55.
Get Our Latest Analysis on WCP
Whitecap Resources Stock Up 1.8%
Whitecap Resources (TSE:WCP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.73 earnings per share (EPS) for the quarter. The business had revenue of C$2.35 billion during the quarter. Whitecap Resources had a return on equity of 12.87% and a net margin of 19.66%. On average, research analysts expect that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.
Whitecap Resources Announces Dividend
The company also recently disclosed 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) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, July 31st. Whitecap Resources’s payout ratio is currently 65.14%.
Insider Transactions at Whitecap Resources
In other news, insider Joseph Adam Wong purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were bought at an average cost of C$14.46 per share, with a total value of C$108,450.00. Following the completion of the transaction, the insider directly 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 ownership of the stock. Also, Director Grant Bradley Fagerheim purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average price of C$14.46 per share, for a total transaction of C$144,600.00. Following the completion of the acquisition, the director owned 3,308,099 shares of the company’s stock, valued at C$47,835,111.54. The trade was a 0.30% increase in their position. Insiders bought a total of 31,500 shares of company stock worth $481,010 in the last quarter. 0.84% of the stock is currently owned by corporate insiders.
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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