Whitecap Resources Inc. (TSE:WCP) – Clarus Securities cut their FY2017 EPS estimates for shares of Whitecap Resources in a research report issued on Thursday, Zacks Investment Research reports. Clarus Securities analyst D. Choi now forecasts that the company will post earnings per share of $0.33 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.
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Several other equities analysts also recently commented on WCP. Barclays PLC decreased their target price on Whitecap Resources from C$13.00 to C$10.00 in a research report on Monday, July 24th. Raymond James Financial, Inc. upped their target price on Whitecap Resources from C$13.25 to C$14.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada decreased their target price on Whitecap Resources from C$15.00 to C$12.00 in a research report on Thursday, July 20th. Finally, National Bank Financial decreased their target price on Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a research report on Friday, October 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$13.75.
Whitecap Resources (WCP) opened at C$9.12 on Monday. Whitecap Resources has a 12-month low of C$8.42 and a 12-month high of C$12.90.
In other Whitecap Resources news, insider Jeffery Byron Zdunich bought 5,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was purchased 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 business’s stock in a transaction on Monday, August 21st. The shares were acquired at an average price of C$8.87 per share, with a total value of C$70,960.00.
The business also recently declared a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Thursday, September 28th. Whitecap Resources’s dividend payout ratio is currently 34.95%.
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.
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