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

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.0608 per share on Wednesday, May 15th. This represents a $0.73 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Monday, April 29th.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock traded up C$0.08 on Wednesday, hitting C$10.57. 393,632 shares of the company were exchanged, compared to its average volume of 2,429,625. The stock has a market capitalization of C$6.32 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81. The company has a 50-day moving average price of C$9.72 and a 200 day moving average price of C$9.64. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.91. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, February 21st. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.30 by C$0.19. The business had revenue of C$914.10 million for the quarter. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. As a group, sell-side analysts predict that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WCP has been the topic of several analyst reports. Raymond James reduced their price target on shares of Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. Stifel Nicolaus lifted their price target on shares of Whitecap Resources from C$12.25 to C$12.75 and gave the company a “buy” rating in a research report on Thursday, February 22nd. National Bankshares reduced their price target on shares of Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Jefferies Financial Group set a C$11.00 price target on shares of Whitecap Resources and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, CIBC reduced their price target on shares of Whitecap Resources from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$13.35.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim acquired 5,000 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were acquired at an average price of C$10.58 per share, with a total value of C$52,900.00. Corporate insiders own 0.74% of the company’s stock.

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.