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

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Tuesday, October 15th, TickerTech reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.0608 per share on Friday, November 15th. This represents a $0.73 annualized dividend and a yield of 6.96%. The ex-dividend date is Thursday, October 31st.

Whitecap Resources Price Performance

TSE:WCP traded up C$0.02 during mid-day trading on Thursday, hitting C$10.49. 616,599 shares of the company’s stock traded hands, compared to its average volume of 2,288,355. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. The firm’s 50 day simple moving average is C$10.32 and its 200 day simple moving average is C$10.29. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.35. The company has a market cap of C$6.29 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources (TSE:WCP) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, beating the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. The firm had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$946.00 million. Sell-side analysts expect that Whitecap Resources will post 1.1226131 EPS for the current year.

Wall Street Analysts Forecast Growth

WCP has been the topic of several analyst reports. Jefferies Financial Group decreased 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 research note on Monday, September 16th. Royal Bank of Canada raised shares of Whitecap Resources to a “moderate buy” rating in a research note on Friday, July 26th. Scotiabank raised their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. Finally, National Bankshares decreased their price target on shares of Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. One equities research 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 company. According to data from MarketBeat.com, Whitecap Resources has a consensus rating of “Buy” and an average price target of C$13.57.

Insider Buying and Selling

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. Corporate insiders own 0.84% 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.