Whitecap Resources Inc (WCP) Receives C$13.10 Average Price Target from Analysts

Whitecap Resources Inc (TSE:WCP) has been assigned a consensus recommendation of “Buy” from the thirteen research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$12.90.

A number of research firms have issued reports on WCP. Raymond James cut their price objective on shares of Whitecap Resources from C$14.00 to C$13.25 in a report on Friday, October 5th. Cormark cut their price objective on shares of Whitecap Resources from C$13.75 to C$13.50 in a report on Tuesday, October 9th. Canaccord Genuity cut their price objective on shares of Whitecap Resources from C$13.00 to C$12.00 in a report on Tuesday, October 16th. TD Securities cut their price objective on shares of Whitecap Resources from C$14.00 to C$11.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Finally, CIBC cut their price objective on shares of Whitecap Resources from C$12.50 to C$10.25 in a report on Thursday.

In other news, Director Grant Bradley Fagerheim purchased 20,000 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was bought at an average price of C$8.13 per share, with a total value of C$162,600.00. Also, insider Jeffery Byron Zdunich purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average cost of C$5.11 per share, with a total value of C$25,550.00. Insiders acquired a total of 65,737 shares of company stock valued at $467,398 in the last three months.

WCP traded down C$0.31 on Tuesday, reaching C$5.14. The company had a trading volume of 1,367,000 shares, compared to its average volume of 1,746,045. Whitecap Resources has a fifty-two week low of C$5.04 and a fifty-two week high of C$10.36. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 37.75.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th were issued a $0.027 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend was Tuesday, October 30th. Whitecap Resources’s dividend payout ratio is currently -75.29%.

About Whitecap Resources

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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