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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.0608 per share on Wednesday, May 15th. This represents a $0.73 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend is Monday, April 29th.

Whitecap Resources Stock Down 0.9 %

Whitecap Resources stock opened at C$10.77 on Friday. The company has a market capitalization of C$6.44 billion, a PE ratio of 7.38, a PEG ratio of -0.33 and a beta of 2.81. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.91. The firm’s fifty day moving average is C$10.04 and its 200 day moving average is C$9.63. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.14). The company had revenue of C$933.30 million during the quarter, compared to the consensus estimate of C$787.00 million. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. As a group, sell-side analysts predict that Whitecap Resources will post 1.2846626 EPS for the current fiscal year.

Insiders Place Their Bets

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 3,723 shares of Whitecap Resources stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of C$8.17 per share, with a total value of C$30,416.91. 0.74% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WCP has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Canaccord Genuity Group upped their target price on Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday. Raymond James reduced their price target on shares of Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating for the company in a research report on Friday, January 19th. CIBC upped their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Finally, Jefferies Financial Group set a C$11.00 price objective on shares of Whitecap Resources and gave the company a “buy” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Whitecap Resources presently has an average rating of “Buy” and an average price target of C$13.56.

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.