Whitecap Resources (TSE:WCP) Cut to “Moderate Buy” at Raymond James Financial

by · The Markets Daily

Raymond James Financial cut shares of Whitecap Resources (TSE:WCP – Free Report) from a strong-buy rating to a moderate buy rating in a report published on Tuesday, MarketBeat.com reports. Raymond James Financial currently has C$16.00 target price on the stock, up from their prior target price of C$15.00.

Several other brokerages have also recently commented on WCP. Scotiabank boosted their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Capital One Financial raised shares of Whitecap Resources to a “strong-buy” rating in a research note on Monday, October 27th. TD Securities increased their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Tuesday. Desjardins raised their price target on shares of Whitecap Resources from C$13.50 to C$14.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, National Bank Financial boosted their price target on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Whitecap Resources currently has a consensus rating of “Buy” and an average target price of C$15.15.

View Our Latest Stock Analysis on WCP

Whitecap Resources Price Performance

TSE:WCP opened at C$13.49 on Tuesday. The stock has a 50 day moving average of C$12.18 and a two-hundred day moving average of C$11.27. Whitecap Resources has a 12 month low of C$6.87 and a 12 month high of C$13.98. The firm has a market cap of C$16.38 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of -0.33 and a beta of 0.69. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.4%. Whitecap Resources’s payout ratio is 64.57%.

More Whitecap Resources News

Here are the key news stories impacting Whitecap Resources this week:

  • Positive Sentiment: Declared monthly dividend of C$0.0608 per share (annualized yield ~5.4%). Ex-dividend date was Feb 27 and the record/payment date is Mar 16 — supports income-focused demand for the shares.
  • Positive Sentiment: Royal Bank of Canada raised its price target to C$16.00 and maintains an “outperform” view, signaling meaningful upside from current levels. RBC price target raise
  • Positive Sentiment: Desjardins increased its target from C$14.00 to C$15.00 and issued a “buy” — another vote of confidence from the sell-side. Desjardins target raise
  • Positive Sentiment: ATB Cormark and TD Securities both raised price targets to C$15.00, and Canaccord published bullish commentary forecasting strong price appreciation — reinforcing the analyst-driven upside narrative. ATB Cormark target raise TD Securities target raise Canaccord bullish forecast
  • Positive Sentiment: Mainstream coverage is highlighting the stock for income investors because of the 5.4% yield and monthly payout — that can attract yield-seeking flows. Passive Income Investors: This TSX Stock Has a 5.4% Yield With Monthly Payouts
  • Neutral Sentiment: Analysis pieces examine Whitecap’s Veren integration and its effect on scale, cash flows and risk profile — important for medium-term fundamentals but not an immediate catalyst. Whitecap Veren integration analysis
  • Neutral Sentiment: Valuation check articles discuss mixed short-term share moves and valuation metrics (P/E, growth), useful for longer-term positioning but offering limited immediate directional impact. Valuation check
  • Negative Sentiment: Raymond James lowered its rating on WCP, introducing downside risk if other brokers follow or if the downgrade shifts sentiment — a counterweight to the upgrades. Raymond James rating cut

Whitecap Resources Company Profile

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Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.

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