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

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 paid a dividend of 0.0608 per share on Wednesday, January 15th. This represents a $0.73 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend is Tuesday, December 31st.

Whitecap Resources Price Performance

Whitecap Resources stock traded up C$0.13 during mid-day trading on Friday, hitting C$10.07. The stock had a trading volume of 1,798,320 shares, compared to its average volume of 2,278,769. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.31. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The firm has a market capitalization 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. The firm’s 50 day moving average is C$10.18 and its 200 day moving average is C$10.22.

Insider Buying and Selling at Whitecap Resources

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

Analyst Ratings Changes

Several analysts recently issued reports on WCP shares. ATB Capital cut their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, October 24th. National Bankshares cut their price objective on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Jefferies Financial Group reduced their price objective on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Canaccord Genuity Group dropped their target price on shares of Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Finally, Raymond James raised shares of Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. One equities 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, Whitecap Resources has a consensus rating of “Moderate Buy” and a consensus 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.