Whitecap Resources (TSE:WCP) Reaches New 1-Year Low – Time to Sell?

Whitecap Resources Inc. (TSE:WCP) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$8.94 and last traded at C$9.04, with a volume of 1972185 shares traded. The stock had previously closed at C$9.06.

Analyst Upgrades and Downgrades

Separately, National Bankshares dropped their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.68.

Whitecap Resources Trading Up 0.3 %

The business’s 50-day simple moving average is C$9.97 and its two-hundred day simple moving average is C$10.16. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The company has a market capitalization of C$5.31 billion, a PE ratio of 6.13, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.73 annualized dividend and a yield of 8.03%. Whitecap Resources’s dividend payout ratio is presently 49.25%.

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.