Whitecap Resources (TSE:WCP) had its price target raised by Barclays from C$11.00 to C$12.00 in a research note published on Wednesday.

A number of other research firms have also weighed in on WCP. CIBC reaffirmed an outperform rating and set a C$12.50 target price on shares of Whitecap Resources in a report on Tuesday, December 5th. TD Securities lifted their target price on Whitecap Resources from C$12.00 to C$13.00 and gave the company a buy rating in a report on Tuesday, December 5th. National Bank Financial lifted their target price on Whitecap Resources from C$11.50 to C$12.00 and gave the company an outperform rating in a report on Thursday, November 2nd. BMO Capital Markets lifted their target price on Whitecap Resources from C$12.50 to C$13.00 and gave the company an outperform rating in a report on Tuesday, December 5th. Finally, Raymond James Financial lifted their target price on Whitecap Resources from C$13.00 to C$13.25 and gave the company an outperform rating in a report on Thursday, November 2nd. Seven analysts have rated the stock with a buy rating, Whitecap Resources has an average rating of Buy and an average target price of C$13.22.

Shares of Whitecap Resources (TSE WCP) opened at C$9.53 on Wednesday. Whitecap Resources has a twelve month low of C$8.31 and a twelve month high of C$11.48. The firm has a market capitalization of $3,980.00, a PE ratio of 11.91 and a beta of 1.03.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, November 1st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). Whitecap Resources had a return on equity of 0.46% and a net margin of 1.91%.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.0257 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Tuesday, January 30th. This is an increase from Whitecap Resources’s previous monthly dividend of $0.02. Whitecap Resources’s dividend payout ratio (DPR) is 34.95%.

In other Whitecap Resources news, Director Grant Bradley Fagerheim purchased 10,200 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was 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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