Whitecap Resources Inc. (TSE:WCP) – Investment analysts at Clarus Securities decreased their FY2017 earnings estimates for Whitecap Resources in a report issued on Thursday. Clarus Securities analyst D. Choi now forecasts that the company will post earnings of $0.33 per share for the year, down from their previous estimate of $0.34. Clarus Securities also issued estimates for Whitecap Resources’ FY2018 earnings at $0.22 EPS.
A number of other research analysts have also recently weighed in on WCP. Barclays PLC boosted their target price on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday. National Bank Financial boosted their target price on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James Financial, Inc. boosted their target price on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research note on Thursday. Finally, Royal Bank Of Canada dropped their target price on shares of Whitecap Resources from C$15.00 to C$12.00 in a research note on Thursday, July 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$13.68.
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Whitecap Resources (TSE WCP) opened at C$9.54 on Monday. Whitecap Resources has a 52 week low of C$8.41 and a 52 week high of C$12.90.
The firm also recently declared a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, September 28th.
In other news, insider Jeffery Byron Zdunich bought 5,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were acquired at an average cost of C$8.46 per share, for a total transaction of C$42,300.00. Also, Director Grant Bradley Fagerheim bought 8,000 shares of the stock in a transaction on Monday, August 21st. The stock was purchased at an average price of C$8.87 per share, for a total transaction of C$70,960.00. Insiders have purchased a total of 25,000 shares of company stock worth $220,540 over the last 90 days.
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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