Whitecap Resources (WCP) Set to Announce Earnings on Wednesday

Whitecap Resources (TSE:WCP) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of C$0.24 per share for the quarter.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.19. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The business had revenue of C$914.10 million during the quarter.

Whitecap Resources Stock Down 0.1 %

WCP stock opened at C$10.37 on Tuesday. The business’s 50-day moving average price is C$9.87 and its 200-day moving average price is C$9.63. The stock has a market cap of C$6.20 billion, a P/E ratio of 7.10, a PEG ratio of -0.33 and a beta of 2.81. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.91.

Whitecap Resources Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.04%. Whitecap Resources’s payout ratio is currently 44.52%.

Analyst Upgrades and Downgrades

WCP has been the topic of a number of analyst reports. National Bankshares lowered their target price on shares of Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. BMO Capital Markets set a C$13.00 price objective on Whitecap Resources and gave the company an “outperform” rating in a research report on Thursday, March 21st. ATB Capital cut their target price on Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Desjardins lifted their target price on Whitecap Resources from C$11.00 to C$11.50 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus upped their price target on Whitecap Resources from C$12.25 to C$12.75 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$13.35.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 3,723 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of C$8.17 per share, with a total value of C$30,416.91. Insiders own 0.74% of the company’s stock.

About Whitecap Resources

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.