Whitecap Resources (TSE:WCP) Stock Passes Above Two Hundred Day Moving Average of $4.17

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Whitecap Resources Inc (TSE:WCP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.17 and traded as high as $4.36. Whitecap Resources shares last traded at $4.28, with a volume of 2,012,277 shares.

Several brokerages have recently weighed in on WCP. Raymond James restated a “strong-buy” rating and set a C$5.50 price target on shares of Whitecap Resources in a report on Friday, November 1st. BMO Capital Markets dropped their price target on shares of Whitecap Resources from C$7.00 to C$6.00 in a research note on Tuesday, August 27th. Laurentian cut their price objective on shares of Whitecap Resources from C$9.50 to C$8.75 in a research report on Tuesday, August 27th. CIBC cut their price objective on shares of Whitecap Resources from C$7.25 to C$6.50 in a research report on Tuesday, October 15th. Finally, Tudor Pickering & Holt lowered shares of Whitecap Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$7.53.

The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 39.17. The company has a market cap of $1.82 billion and a PE ratio of 34.15. The company’s fifty day moving average is C$4.01 and its 200-day moving average is C$4.16.

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a $0.0285 dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a $0.34 dividend on an annualized basis and a yield of 7.70%. Whitecap Resources’s dividend payout ratio is currently 255.00%.

About Whitecap Resources (TSE:WCP)

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan. Whitecap Resources Inc is headquartered in Calgary, Canada.

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