Whitecap Resources (TSE:WCP) Price Target Cut to C$14.50 by Analysts at National Bankshares

Whitecap Resources (TSE:WCP) had its target price decreased by National Bankshares from C$15.00 to C$14.50 in a research note published on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

WCP has been the subject of several other research reports. ATB Capital dropped 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 report on Thursday, October 24th. Raymond James raised Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Canaccord Genuity Group lowered their price target on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Finally, Desjardins raised their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Whitecap Resources has an average rating of “Moderate Buy” and a consensus price target of C$13.68.

Whitecap Resources Stock Down 0.3 %

Shares of TSE WCP opened at C$9.76 on Thursday. The company has a market capitalization of C$5.85 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.31. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. The firm’s 50-day moving average is C$10.07 and its two-hundred day moving average is C$10.24.

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Friday, January 31st. Whitecap Resources’s payout ratio is 58.40%.

Insider Transactions at Whitecap Resources

In related news, Senior Officer Thanh Chan Kang purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of C$10.48 per share, with a total value of C$104,800.00. Corporate 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.