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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend is Tuesday, December 31st.

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$10.07 on Friday. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. The business’s 50 day moving average price is C$10.18 and its 200-day moving average price is C$10.22. The firm has a market capitalization of C$6.03 billion, a PE ratio of 8.06, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.31.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WCP. National Bankshares lowered their price target on Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Raymond James upgraded Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Jefferies Financial Group reduced their price objective 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. 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, Desjardins lifted their price objective 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Whitecap Resources has a consensus rating of “Moderate Buy” and an average price target of C$13.61.

Insider Buying and Selling at Whitecap Resources

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