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

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0608 per share on Wednesday, January 15th. This represents a $0.73 annualized dividend and a yield of 7.25%. The ex-dividend date is Tuesday, December 31st.

Whitecap Resources Trading Up 1.3 %

TSE:WCP opened at C$10.07 on Friday. The stock has a 50-day simple moving average of C$10.18 and a 200-day simple moving average of C$10.22. The stock has a market cap of C$6.03 billion, a P/E 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. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of C$10.43 per share, with a total value of C$104,300.00. Also, Director Mary-Jo Case bought 5,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of C$10.44 per share, with a total value of C$52,200.00. In the last three months, insiders acquired 25,000 shares of company stock valued at $261,300. Corporate insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WCP shares. Canaccord Genuity Group lowered their price objective on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Raymond James raised Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. ATB Capital reduced their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group reduced their target price on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, Desjardins boosted their target price 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.61.

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.