Whitecap Resources (TSE:WCP) Given a C$3.50 Price Target at Raymond James

Raymond James set a C$3.50 price target on Whitecap Resources (TSE:WCP) in a research report released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently commented on WCP. CIBC boosted their price target on shares of Whitecap Resources from C$3.00 to C$3.50 in a research note on Thursday, July 16th. TD Securities upped their target price on shares of Whitecap Resources from C$2.00 to C$2.50 and gave the stock a buy rating in a research report on Friday, May 1st. Eight Capital raised their price target on Whitecap Resources from C$2.75 to C$3.10 in a research report on Monday, May 4th. BMO Capital Markets upped their price objective on Whitecap Resources from C$3.00 to C$3.50 in a report on Monday, June 29th. Finally, Tudor Pickering reiterated a hold rating and set a C$2.00 price objective on shares of Whitecap Resources in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of C$2.90.

TSE WCP traded down C$0.01 during trading on Friday, reaching C$2.21. The company’s stock had a trading volume of 1,908,750 shares, compared to its average volume of 4,156,876. The firm has a fifty day moving average of C$2.30 and a 200 day moving average of C$2.79. Whitecap Resources has a one year low of C$0.73 and a one year high of C$5.71. The stock has a market capitalization of $901.98 million and a PE ratio of -0.41. The company has a debt-to-equity ratio of 163.03, a current ratio of 1.13 and a quick ratio of 0.54.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.02) by C$0.50. The business had revenue of C$272.10 million for the quarter, compared to analysts’ expectations of C$303.60 million. Research analysts expect that Whitecap Resources will post -0.1 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0143 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 7.76%. Whitecap Resources’s dividend payout ratio (DPR) is currently -6.31%.

About Whitecap Resources

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan. Whitecap Resources Inc is headquartered in Calgary, Canada.

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Analyst Recommendations for Whitecap Resources (TSE:WCP)

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