Whitecap Resources (TSE:WCP) Given a C$12.00 Price Target at Desjardins

Desjardins set a C$12.00 price objective on Whitecap Resources (TSE:WCP) in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. National Bankshares dropped their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target for the company in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$13.52.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock opened at C$9.28 on Wednesday. The business’s fifty day moving average price is C$9.65 and its 200 day moving average price is C$10.04. Whitecap Resources has a twelve month low of C$7.88 and a twelve month high of C$11.31. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The stock has a market capitalization of C$5.42 billion, a P/E ratio of 6.26, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend was Friday, February 28th. Whitecap Resources’s dividend payout ratio is presently 49.25%.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 30,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of C$8.42 per share, with a total value of C$252,600.00. Also, Senior Officer Thanh Chan Kang bought 9,720 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of C$8.43 per share, for a total transaction of C$81,939.60. In the last quarter, insiders bought 51,920 shares of company stock worth $439,368. 0.84% of the stock is currently owned by corporate insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.