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

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.061 per share on Tuesday, October 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Monday, September 30th.

Whitecap Resources Stock Down 0.4 %

Shares of WCP opened at C$10.28 on Wednesday. The company has a market capitalization of C$6.16 billion, a price-to-earnings ratio of 8.26, a PEG ratio of -0.33 and a beta of 2.69. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.84. The stock’s 50-day moving average price is C$10.16 and its 200-day moving average price is C$10.18. 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 (TSE:WCP) last announced its quarterly earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.12. The company had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$946.00 million. Whitecap Resources had a return on equity of 13.89% and a net margin of 22.43%. On average, sell-side analysts predict that Whitecap Resources will post 1.001005 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday. Scotiabank raised their target price on Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Finally, Royal Bank of Canada upgraded Whitecap Resources to a “moderate buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$13.61.

Insider Buying and Selling at Whitecap Resources

In other news, Director Chandra Henry purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average cost of C$10.00 per share, for a total transaction of C$100,000.00. In other Whitecap Resources news, Director Chandra Henry purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of C$10.00 per share, for a total transaction of C$100,000.00. Also, Director Grant Bradley Fagerheim sold 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. Insiders own 0.83% of the company’s stock.

Whitecap Resources Company Profile

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.