Whitecap Resources (WCP) Price Target Increased to C$14.50 by Analysts at National Bank Financial

Whitecap Resources (TSE:WCP) had its target price boosted by National Bank Financial from C$13.00 to C$14.50 in a report published on Tuesday. They currently have an outperform rating on the stock.

Several other research analysts have also weighed in on the company. Needham & Company LLC reissued an outperform rating and set a C$13.00 price target on shares of Whitecap Resources in a research report on Friday, December 15th. TD Securities upped their price target on Whitecap Resources from C$12.00 to C$13.00 and gave the company a buy rating in a research report on Tuesday, December 5th. BMO Capital Markets upped their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the company an outperform rating in a research report on Tuesday, December 5th. CIBC reissued an outperform rating and set a C$12.50 price target on shares of Whitecap Resources in a research report on Tuesday, December 5th. Finally, Raymond James Financial boosted their target price on Whitecap Resources from C$13.25 to C$14.00 and gave the company an outperform rating in a research note on Tuesday, November 14th. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus price target of C$13.11.

Whitecap Resources (TSE WCP) opened at C$9.79 on Tuesday. The firm has a market capitalization of $4,060.00, a price-to-earnings ratio of 12.24 and a beta of 1.03. Whitecap Resources has a 52-week low of C$8.31 and a 52-week high of C$11.50.

The company also recently announced a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.023 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.82%. Whitecap Resources’s dividend payout ratio (DPR) is currently 34.95%.

In other news, Director Grant Bradley Fagerheim bought 10,200 shares of the stock in a transaction on Monday, December 4th. The shares were purchased at an average price of C$8.91 per share, for a total transaction of C$90,882.00.

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Whitecap Resources Company Profile

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.

Analyst Recommendations for Whitecap Resources (TSE:WCP)

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