Whitecap Resources Inc. (TSE:WCP) to Issue Monthly Dividend of $0.06

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.0608 per share on Monday, December 16th. This represents a $0.73 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Friday, November 29th.

Whitecap Resources Stock Performance

WCP stock traded up C$0.02 during trading on Wednesday, reaching C$10.19. 2,855,755 shares of the company’s stock were exchanged, compared to its average volume of 2,303,984. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.31. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. The company’s fifty day moving average price is C$10.48 and its 200-day moving average price is C$10.28. The firm has a market cap of C$6.11 billion, a PE ratio of 8.18, a P/E/G ratio of -0.33 and a beta of 2.67.

Analyst Ratings Changes

WCP has been the topic of a number of research reports. Raymond James raised Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. Canaccord Genuity Group cut their target price on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Jefferies Financial Group cut their target price on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Desjardins boosted their target price on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, ATB Capital dropped their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Whitecap Resources presently has a consensus rating of “Moderate Buy” and an average price target of C$13.61.

Insider Buying and Selling at Whitecap Resources

In related news, Director Mary-Jo Case purchased 5,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was bought at an average price of C$10.44 per share, for a total transaction of C$52,200.00. Also, Senior Officer Joel Maxwell Armstrong purchased 10,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of C$10.43 per share, with a total value of C$104,300.00. Insiders have bought 25,000 shares of company stock worth $261,300 over the last 90 days. 0.84% of the stock is currently owned by corporate insiders.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.