Shares of Whitecap Resources (TSE:WCP) have been given a consensus rating of “Buy” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$13.08.
A number of equities analysts have issued reports on WCP shares. Raymond James Financial raised Whitecap Resources from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from C$12.00 to C$12.50 in a report on Thursday, March 1st. Barclays upped their target price on Whitecap Resources from C$11.00 to C$12.00 in a report on Wednesday, January 17th. GMP Securities lowered their target price on Whitecap Resources from C$13.75 to C$13.25 in a report on Thursday, March 1st. Finally, National Bank Financial upped their target price on Whitecap Resources from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a report on Tuesday, January 9th.
In related news, insider Thanh Chan Kang purchased 10,000 shares of Whitecap Resources stock in a transaction on Friday, March 9th. The shares were purchased at an average price of C$7.75 per share, for a total transaction of C$77,500.00. Also, Director Heather J. Culbert purchased 20,000 shares of Whitecap Resources stock in a transaction on Wednesday, March 28th. The stock was bought at an average price of C$7.75 per share, for a total transaction of C$155,000.00. Insiders acquired a total of 63,800 shares of company stock worth $510,505 in the last quarter.
Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, February 28th. The company reported C$0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.02. Whitecap Resources had a return on equity of 0.46% and a net margin of 1.91%. The business had revenue of C$285.01 million during the quarter, compared to analysts’ expectations of C$256.40 million.
The business also recently declared a monthly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 16th will be given a $0.0257 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.62%.
About Whitecap Resources
Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.
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