Whitecap Resources Inc. (WCP) to Issue Monthly Dividend of $0.06 on February 18th

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.0608 per share on Tuesday, February 18th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date of this dividend is Friday, January 31st.

Whitecap Resources Trading Down 0.5 %

Shares of TSE WCP traded down C$0.05 during trading hours on Wednesday, reaching C$9.62. The stock had a trading volume of 553,964 shares, compared to its average volume of 2,037,732. Whitecap Resources has a 52-week low of C$8.15 and a 52-week high of C$11.31. The firm has a market cap of C$5.76 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of -0.33 and a beta of 2.67. The business’s fifty day moving average price is C$10.10 and its two-hundred day moving average price is C$10.24. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55.

Analysts Set New Price Targets

WCP has been the subject of a number of analyst reports. ATB Capital decreased their price objective on 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. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Desjardins lifted their price objective on shares of 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, Canaccord Genuity Group decreased their target price on shares of Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.68.

Insider Buying and Selling

In other Whitecap Resources news, Senior Officer Thanh Chan Kang bought 10,000 shares of Whitecap Resources stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of C$10.48 per share, for a total transaction of C$104,800.00. 0.84% of the stock is currently 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.