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

Whitecap Resources Inc. (TSE:WCP) announced 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 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Friday, January 31st.

Whitecap Resources Stock Performance

Shares of WCP traded down C$0.01 during mid-day trading on Wednesday, hitting C$9.66. 411,175 shares of the company’s stock were exchanged, compared to its average volume of 2,024,391. The stock’s 50-day simple moving average is C$10.10 and its 200-day simple moving average is C$10.24. The firm has a market cap of C$5.79 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.31.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WCP. ATB Capital reduced their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Desjardins raised their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Raymond James raised Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group cut 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 analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$13.68.

Insider Activity at Whitecap Resources

In related news, Senior Officer Thanh Chan Kang acquired 10,000 shares of Whitecap Resources stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of C$10.48 per share, with a total value 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.