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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.0608 per share on Monday, December 16th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date is Friday, November 29th.

Whitecap Resources Trading Up 0.2 %

TSE WCP opened at C$10.19 on Thursday. The stock has a 50-day simple moving average of C$10.48 and a 200 day simple moving average of C$10.28. The company has a market capitalization of C$6.11 billion, a PE ratio of 8.15, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. Whitecap Resources has a 12 month low of C$8.15 and a 12 month high of C$11.31.

Insider Buying and Selling at Whitecap Resources

In other news, Director Mary-Jo Case acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of C$10.44 per share, for a total transaction of C$52,200.00. Also, Senior Officer Thanh Chan Kang acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of C$10.48 per share, with a total value of C$104,800.00. Over the last ninety days, insiders acquired 25,000 shares of company stock valued at $261,300. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

WCP has been the subject of a number of recent analyst reports. Raymond James upgraded Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group dropped their price objective on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Jefferies Financial Group dropped their price objective 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. National Bankshares dropped their price objective on Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Finally, ATB Capital dropped their price objective 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$13.61.

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.