Whitecap Resources (TSE:WCP) PT Lowered to C$11.00 at Jefferies Financial Group

Whitecap Resources (TSE:WCP) had its price objective trimmed by Jefferies Financial Group from C$12.00 to C$11.00 in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. Scotiabank increased their price target on Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Royal Bank of Canada raised Whitecap Resources to a moderate buy rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$13.61.

Whitecap Resources Price Performance

WCP opened at C$10.45 on Monday. The stock’s 50-day moving average price is C$10.17 and its 200 day moving average price is C$10.19. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.83. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The firm has a market cap of C$6.26 billion, a price-to-earnings ratio of 8.36, a PEG ratio of -0.33 and a beta of 2.69.

Whitecap Resources (TSE:WCP) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. The firm had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$946.00 million. As a group, sell-side analysts expect that Whitecap Resources will post 1.001005 earnings per share for the current year.

Whitecap Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.061 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.00%. Whitecap Resources’s payout ratio is currently 58.40%.

Insider Activity

In other Whitecap Resources news, Director Chandra Henry acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of C$10.00 per share, for a total transaction of C$100,000.00. In other news, Director Chandra Henry purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average price of C$10.00 per share, for a total transaction of C$100,000.00. Also, Director Grant Bradley Fagerheim sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00. Company insiders own 0.83% 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.