Desjardins Cuts Whitecap Resources (TSE:WCP) Price Target to C$11.50

Whitecap Resources (TSE:WCP) had its price target cut by Desjardins from C$12.00 to C$11.50 in a research report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Raymond James raised shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target on the stock in a report on Tuesday, March 11th. CIBC decreased their price target on Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Finally, National Bankshares lowered their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, January 30th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Whitecap Resources has a consensus rating of “Buy” and a consensus target price of C$13.30.

Whitecap Resources Trading Up 2.4 %

Shares of TSE WCP opened at C$8.19 on Tuesday. The business has a fifty day moving average price of C$8.96 and a 200 day moving average price of C$9.79. Whitecap Resources has a 1-year low of C$6.87 and a 1-year high of C$11.31. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The stock has a market capitalization of C$4.78 billion, a P/E ratio of 5.53, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.0608 dividend. Whitecap Resources’s payout ratio is currently 49.25%.

Insider Activity at Whitecap Resources

In other news, Senior Officer Thanh Chan Kang purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of C$8.73 per share, for a total transaction of C$87,300.00. Also, Director Grant Bradley Fagerheim bought 11,200 shares of the stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of C$9.39 per share, for a total transaction of C$105,168.00. Insiders acquired 98,120 shares of company stock worth $835,336 over the last three months. Company insiders own 0.84% 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.