Whitecap Resources (TSE:WCP) Posts Quarterly Earnings Results

Whitecap Resources (TSE:WCP) issued its earnings results on Wednesday. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.14), reports. The company had revenue of C$933.30 million for the quarter, compared to analysts’ expectations of C$787.00 million. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%.

Whitecap Resources Stock Up 1.1 %

Shares of TSE:WCP opened at C$10.87 on Friday. 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 52-week low of C$8.15 and a 52-week high of C$11.91. The company has a 50 day moving average of C$9.96 and a two-hundred day moving average of C$9.63. The company has a market capitalization of C$6.50 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81.

Whitecap Resources Cuts Dividend

The company also recently disclosed 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. This represents a $0.73 annualized dividend and a yield of 6.71%. The ex-dividend date is Monday, April 29th. Whitecap Resources’s dividend payout ratio (DPR) is 44.52%.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim acquired 3,723 shares of the stock in a transaction on Monday, February 5th. The stock was bought at an average price of C$8.17 per share, with a total value of C$30,416.91. 0.74% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WCP has been the topic of several research analyst reports. Raymond James decreased their target price on shares of Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. Jefferies Financial Group set a C$11.00 price objective on shares of Whitecap Resources and gave the stock a “buy” rating in a research report on Tuesday, February 27th. BMO Capital Markets boosted their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 in a research report on Thursday. National Bankshares decreased their price objective on shares of Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$13.56.

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.