Several other analysts also recently issued reports on WCP. Raymond James Financial, Inc. reissued an outperform rating and issued a C$14.00 price target on shares of Whitecap Resources in a report on Thursday, April 20th. Scotiabank reissued an outperform rating and issued a C$15.00 price target on shares of Whitecap Resources in a report on Thursday, May 4th. TD Securities reissued a buy rating and issued a C$14.00 price target on shares of Whitecap Resources in a report on Thursday, May 4th. National Bank Financial cut their price target on Whitecap Resources from C$13.50 to C$12.00 in a report on Friday, June 23rd. Finally, Royal Bank Of Canada cut their price target on Whitecap Resources from C$15.00 to C$12.00 in a report on Thursday, July 20th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of C$13.66.
Whitecap Resources (TSE WCP) traded down 0.33% on Monday, hitting $8.99. The stock had a trading volume of 777,394 shares. Whitecap Resources has a 12-month low of $8.66 and a 12-month high of $12.90. The company’s 50 day moving average price is $9.19 and its 200-day moving average price is $9.82. The company has a market cap of $3.33 billion and a price-to-earnings ratio of 11.03.
The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.023 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Tuesday, August 29th.
In other Whitecap Resources news, insider Jeffery Byron Zdunich purchased 5,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were acquired at an average price of C$9.12 per share, for a total transaction of C$45,600.00. Also, Director Grant Bradley Fagerheim purchased 12,000 shares of the stock in a transaction dated Friday, June 16th. The shares were acquired at an average price of C$9.13 per share, for a total transaction of C$109,560.00. Insiders have bought 40,000 shares of company stock worth $361,550 in the last quarter.
About Whitecap Resources
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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