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

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 given a dividend of 0.0608 per share on Tuesday, February 18th. This represents a $0.73 annualized dividend and a dividend yield of 7.55%. The ex-dividend date of this dividend is Friday, January 31st.

Whitecap Resources Stock Down 0.1 %

WCP traded down C$0.01 during trading on Wednesday, hitting C$9.66. 411,175 shares of the company’s stock traded hands, compared to its average volume of 2,024,391. The stock has a market capitalization of C$5.79 billion, a price-to-earnings ratio of 7.73, a PEG ratio of -0.33 and a beta of 2.67. The company’s 50 day simple moving average is C$10.10 and its two-hundred day simple moving average is C$10.24. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.31. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WCP. ATB Capital decreased their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Desjardins increased their price objective on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Raymond James raised shares of Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group lowered their price target on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.68.

Insiders Place Their Bets

In other news, Senior Officer Thanh Chan Kang acquired 10,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of C$10.48 per share, for a total transaction of C$104,800.00. Company insiders own 0.84% of the company’s stock.

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.