Whitecap Resources (TSE:WCP) Reaches New 1-Year Low – What’s Next?

Whitecap Resources Inc. (TSE:WCP) reached a new 52-week low during trading on Friday . The company traded as low as C$7.79 and last traded at C$7.81, with a volume of 2887512 shares traded. The stock had previously closed at C$8.61.

Analyst Ratings Changes

WCP has been the subject of several recent research reports. Desjardins set a C$12.00 target price on shares of Whitecap Resources and gave the company a “buy” rating in a research note on Wednesday, March 19th. National Bankshares reduced their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price on the stock in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$13.52.

Whitecap Resources Stock Down 10.0 %

The firm has a market cap of C$4.52 billion, a PE ratio of 5.23, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. The business has a fifty day moving average price of C$9.40 and a two-hundred day moving average price of C$9.98.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.0608 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 9.41%. Whitecap Resources’s dividend payout ratio is 49.25%.

Insider Buying and Selling

In other news, Senior Officer Thanh Chan Kang purchased 9,720 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of C$8.43 per share, with a total value of C$81,939.60. Also, Director Grant Bradley Fagerheim purchased 30,000 shares of Whitecap Resources stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of C$8.42 per share, with a total value of C$252,600.00. Over the last three months, insiders purchased 88,120 shares of company stock worth $763,636. 0.84% of the stock is owned by company insiders.

Whitecap Resources Company Profile

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.