Whitecap Resources Inc.’s (TSE: WCP) share price hit a new 52-week high at midday Monday after Raymond James raised his share price target to C $ 9.00 at CA $ 10.00. Raymond James currently has a strong buy rating on the stock. Whitecap Resources traded as high as C $ 6.97 and last traded at C $ 6.91, with a volume of 1,739,934 shares. The stock previously closed at C $ 5.89.

WCP has been the subject of several other reports. National Bankshares raised its target price on Whitecap Resources from C $ 9.50 to C $ 10.00 and rated the stock “outperform” in a report released on Friday, July 30. Tudor Pickering raised its price target on Whitecap Resources to C $ 7.50 and gave the stock a “buy” rating in a report released Thursday, July 8. Scotiabank raised its target price on Whitecap Resources from C $ 7.00 to C $ 7.50 in a report released Thursday, July 15. BMO Capital Markets raised its target price on Whitecap Resources from C $ 8.00 to C $ 9.00 and assigned a rating of “na” to the stock in a report released on Monday, June 21. Finally, Tudor Pickering & Holt set a target price of C $ 7.50 on Whitecap Resources and assigned a “buy” rating to the stock in a report released on Friday, July 30. Ten investment analysts rated the stock with a buy rating and one gave the company’s stock a high buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C $ 8.20.

Meanwhile, director Grant Bradley Fagerheim bought 5,000 shares of the company in a transaction that took place on Friday August 6. The stock was purchased at an average price of C $ 5.38 per share, for a total transaction of C $ 26,900.00. Following the completion of the purchase, the Director now owns 2,473,636 shares of the company, valued at approximately C $ 13,308,161.68. In the past 90 days, insiders have purchased 35,000 shares of the company valued at $ 193,450.

The company has a 50-day simple moving average of C $ 5.47 and a two-hundred-day simple moving average of C $ 5.71. The company has a quick ratio of 0.53, a current ratio of 0.54, and a debt ratio of 62.78. The stock has a market capitalization of C $ 4.46 billion and a price-to-earnings ratio of 8.82.

Whitecap Resources (TSE: WCP) last published its results on Thursday, July 29. The company reported earnings per share of C $ 0.03 for the quarter, missing the consensus estimate of C $ 0.13 per C $ 0.10. The company generated sales of C $ 658.39 million during the quarter. On average, research analysts forecast Whitecap Resources Inc. to post earnings per share of 0.81 for the current year.

The company also recently declared a monthly dividend, which was paid on Wednesday, September 15. Shareholders of record on Tuesday, August 31, received a dividend of $ 0.016 per share. The ex-dividend date was Monday August 30. This represents an annualized dividend of $ 0.19 and a dividend yield of 2.72%. Whitecap Resources’ dividend payout ratio (DPR) is currently 22.44%.

About Whitecap Resources (TSE: WCP)

Whitecap Resources Inc, an oil and gas company, acquires and develops oil and gas properties in Canada. Its principal properties are located in west-central Alberta, northwestern Alberta and British Columbia, southeastern Saskatchewan, west-central Saskatchewan and southwestern Saskatchewan. Saskatchewan. As of February 24, 2021, it had a total of proven and probable reserves of 507,287 thousand barrels of oil equivalent.

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