Whitecap Resources (TSE:WCP) Given a C$12.00 Price Target by Desjardins Analysts

Desjardins set a C$12.00 price objective on Whitecap Resources (TSE:WCP) in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. Raymond James upgraded shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target for the company in a research note on Tuesday, March 11th. National Bankshares decreased their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Whitecap Resources currently has an average rating of “Buy” and an average target price of C$13.52.

Whitecap Resources Stock Up 0.2 %

Shares of TSE WCP opened at C$9.33 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. Whitecap Resources has a 12 month low of C$7.88 and a 12 month high of C$11.31. The firm has a market capitalization of C$5.45 billion, a PE ratio of 6.29, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The firm has a fifty day simple moving average of C$9.60 and a two-hundred day simple moving average of C$10.03.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.82%. The ex-dividend date was Friday, February 28th. Whitecap Resources’s dividend payout ratio is currently 49.25%.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang bought 10,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of C$8.45 per share, for a total transaction of C$84,500.00. Also, Director Grant Bradley Fagerheim bought 30,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of C$8.42 per share, for a total transaction of C$252,600.00. Over the last ninety days, insiders have purchased 51,920 shares of company stock worth $439,368. 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.