Stifel Nicolaus Boosts Whitecap Resources (TSE:WCP) Price Target to C$13.75

Whitecap Resources (TSE:WCP) had its price target increased by Stifel Nicolaus from C$12.75 to C$13.75 in a report released on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Desjardins boosted their price target on Whitecap Resources from C$11.00 to C$11.50 and gave the stock a buy rating in a research note on Friday, February 23rd. BMO Capital Markets set a C$13.00 price target on Whitecap Resources and gave the stock an outperform rating in a research note on Thursday, March 21st. ATB Capital cut their price target on Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. Canaccord Genuity Group boosted their price objective on Whitecap Resources from C$12.50 to C$14.00 and gave the company a buy rating in a report on Wednesday, April 17th. Finally, CIBC boosted their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Monday. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Whitecap Resources presently has an average rating of Buy and an average price target of C$13.56.

Whitecap Resources Trading Up 1.1 %

Shares of WCP opened at C$10.87 on Tuesday. The stock’s 50-day moving average is C$9.96 and its two-hundred day moving average is C$9.63. The stock has a market cap of C$6.50 billion, a PE ratio of 7.45, a P/E/G ratio of -0.33 and a beta of 2.81. Whitecap Resources has a 12 month low of C$8.15 and a 12 month high of C$11.91. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.14). Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The business had revenue of C$933.30 million during the quarter, compared to analyst estimates of C$787.00 million. Equities analysts forecast that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal year.

Whitecap Resources Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a dividend yield of 6.71%. The ex-dividend date is Monday, April 29th. Whitecap Resources’s dividend payout ratio (DPR) is presently 44.52%.

Insider Activity

In related news, Director Grant Bradley Fagerheim bought 5,000 shares of the stock in a transaction dated Friday, April 5th. The stock was bought at an average cost of C$10.58 per share, with a total value of C$52,900.00. Corporate 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.