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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0608 per share on Wednesday, January 15th. This represents a $0.73 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Tuesday, December 31st.

Whitecap Resources Stock Up 1.3 %

Shares of TSE:WCP traded up C$0.13 during trading on Friday, hitting C$10.07. 1,798,320 shares of the company’s stock traded hands, compared to its average volume of 2,278,769. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The company has a 50-day moving average price of C$10.18 and a 200-day moving average price of C$10.22. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.31. The company has a market cap of C$6.03 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WCP. Desjardins upped their price target on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a report on Thursday, October 24th. ATB Capital reduced their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, October 24th. National Bankshares dropped their price target on Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Canaccord Genuity Group reduced their price objective on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group decreased their price objective on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.61.

Insider Activity at Whitecap Resources

In other news, Director Mary-Jo Case purchased 5,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of C$10.44 per share, for a total transaction of C$52,200.00. Also, Senior Officer Thanh Chan Kang acquired 10,000 shares of the stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of C$10.48 per share, for a total transaction of C$104,800.00. Over the last quarter, insiders have purchased 25,000 shares of company stock valued at $261,300. 0.84% of the stock is owned by insiders.

About Whitecap Resources

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.