Key Points
- Insider buying: Whitecap Resources insider Travis Bjarne Tweit bought 3,000 shares at C$16.92 each, totaling C$50,760. After the purchase, he owned 224,204 shares, a 1.36% increase in his position.
- Stock and operating snapshot: The shares opened at C$16.79, near the 12-month high of C$17.33. Whitecap reported C$0.02 EPS for the latest quarter on C$1.84 billion in revenue, and analysts expect about 1.12 EPS for the current year.
- Dividend and analyst outlook: The company recently paid a monthly dividend of C$0.0608 per share, implying a 4.3% yield, though the payout ratio is very high at 99.95%. Analyst sentiment remains positive, with an average rating of Buy and an average target price of C$16.73.
Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Travis Bjarne Tweit purchased 3,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of C$16.92 per share, with a total value of C$50,760.00. Following the completion of the acquisition, the insider directly owned 224,204 shares in the company, valued at approximately C$3,793,531.68. The trade was a 1.36% increase in their position.
Whitecap Resources Price Performance
Shares of TSE WCP opened at C$16.79 on Friday. Whitecap Resources Inc. has a twelve month low of C$8.39 and a twelve month high of C$17.33. The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 33.01. The company has a market capitalization of C$20.38 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of -0.33 and a beta of 0.38. The business has a 50 day simple moving average of C$15.28 and a 200-day simple moving average of C$13.15.
Whitecap Resources (TSE:WCP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%.The business had revenue of C$1.84 billion during the quarter. As a group, equities research analysts expect that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.
Whitecap Resources Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a $0.0608 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Thursday, April 30th. Whitecap Resources's payout ratio is 99.95%.
Analyst Ratings Changes
WCP has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. National Bank Financial boosted their price target on Whitecap Resources from C$15.00 to C$16.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. TD boosted their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the company a "buy" rating in a report on Thursday, April 30th. ATB Cormark Capital Markets boosted their price objective on Whitecap Resources from C$17.50 to C$18.50 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Finally, Desjardins boosted their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat.com, Whitecap Resources currently has an average rating of "Buy" and an average target price of C$16.73.
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Whitecap Resources Company Profile
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Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.
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