National Bankshares Lowers Whitecap Resources (TSE:WCP) Price Target to C$14.50

Whitecap Resources (TSE:WCP) had its price target trimmed by National Bankshares from C$15.50 to C$14.50 in a research report report published on Friday morning, BayStreet.CA reports.

A number of other analysts also recently weighed in on WCP. Royal Bank of Canada upgraded shares of Whitecap Resources to a moderate buy rating in a research note on Friday, July 26th. Scotiabank boosted their price target on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Whitecap Resources from C$12.00 to C$11.00 and set a buy rating on the stock in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of C$13.57.

Whitecap Resources Stock Performance

Whitecap Resources stock opened at C$10.10 on Friday. The firm has a market capitalization of C$6.05 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of -0.33 and a beta of 2.69. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.48. The stock’s 50 day moving average price is C$10.18 and its 200 day moving average price is C$10.23. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94.

Whitecap Resources (TSE:WCP) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 EPS for the quarter, topping analysts’ consensus estimates of C$0.29 by C$0.12. The business had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$946.00 million. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. As a group, sell-side analysts expect that Whitecap Resources will post 1.0603015 EPS for the current fiscal year.

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a yield of 7.25%. The ex-dividend date is Friday, September 27th. Whitecap Resources’s payout ratio is currently 58.40%.

Insiders Place Their Bets

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 10,000 shares of the stock in a transaction dated Friday, July 5th. The shares were bought at an average cost of C$10.19 per share, with a total value of C$101,900.00. 0.83% of the stock is currently owned by insiders.

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.