Whitecap Resources Inc. (TSE:WCP – Get Rating) has earned a consensus “Buy” recommendation from the thirteen rating companies that cover the company, MarketBeat.com reports. Seven research analysts rated the stock with a Buy recommendation and one gave the company a strong Buy recommendation. The 1-year average price target among analysts who have reported on the stock in the past year is C$13.21.
WCP has been the subject of several research analyst reports. National Bankshares cut its price target on shares of Whitecap Resources from C$17.50 to C$16.00 in a Thursday, April 14 research note. Raymond James raised his price target on shares of Whitecap Resources from C$12.50 to C$14.50 and gave the stock a “Strong Buy” rating in a Friday, March 25 research note. . Tudor Pickering reissued a “buy” rating and posted a CA$10.50 price target on shares of Whitecap Resources in a research note on Monday, February 14. National Bank Financial raised its price target on shares of Whitecap Resources to C$14.00 and gave the stock an “outperform” rating in a Thursday, Jan. 6, research note. Finally, CIBC raised its price target on shares of Whitecap Resources from C$13.00 to C$14.50 in a Thursday, April 14 research note.
Shares of TSE:WCP traded at CA$0.82 during Monday trading hours, hitting CA$9.67. 2,450,870 shares of the company were traded, compared to its average volume of 4,027,575. Whitecap Resources has a 1-year low of C$4.69 and a 1-year high of C$11.46. The company has a 50-day moving average price of CA$10.05 and a 200-day moving average price of CA$8.54. The company has a market capitalization of C$5.96 billion and a P/E ratio of 3.26. The company has a debt ratio of 29.06, a current ratio of 0.61 and a quick ratio of 0.58.
Whitecap Resources (TSE:WCP – Get Rating) last released its quarterly results on Thursday, February 24. The company reported earnings per share of C$0.36 for the quarter, beating Thomson Reuters consensus estimate of C$0.24 by C$0.12. The company had revenue of C$785.80 million for the quarter. As a group, stock analysts predict Whitecap Resources will post earnings per share of 1.2899999 for the current year.
The company also recently announced a monthly dividend, which was paid on Tuesday, March 15. Shareholders of record on Tuesday, March 15 received a dividend of $0.0225 per share. This represents a dividend of $0.27 on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Friday, February 25. Whitecap Resources’ dividend payout ratio (DPR) is currently 6.99%.
About Whitecap Resources (Get an assessment)
Whitecap Resources Inc, an oil and gas company, acquires and develops oil and gas properties in Canada. Its principal properties are located in west-central Alberta, British Columbia, southeast Saskatchewan, west-central Saskatchewan and southwest Saskatchewan. As of February 14, 2022, it had total proven and probable reserves of 701,829 thousand barrels of oil equivalent.
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