Whitecap Resources (TSE:WCP) had its price objective upped by TD Securities from C$12.00 to C$13.00 in a research note published on Tuesday. They currently have a buy rating on the stock.
Several other research firms have also commented on WCP. CIBC reissued an outperform rating and set a C$12.50 price objective on shares of Whitecap Resources in a research note on Tuesday. National Bank Financial boosted their price objective on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the stock an outperform rating in a research note on Thursday, November 2nd. Barclays boosted their price objective on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. BMO Capital Markets upped their target price on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an outperform rating in a research note on Tuesday. Finally, Raymond James Financial upped their target price on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the stock an outperform rating in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of C$13.10.
Shares of Whitecap Resources (TSE WCP) opened at C$8.65 on Tuesday. Whitecap Resources has a 52 week low of C$8.42 and a 52 week high of C$12.90.
The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.023 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 3.19%. Whitecap Resources’s dividend payout ratio is presently 34.95%.
In other news, Director Grant Bradley Fagerheim bought 10,200 shares of the company’s stock in a transaction dated 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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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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