Whitecap Resources Inc. (WCP) To Go Ex-Dividend on November 29th

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 of this dividend is Friday, November 29th.

Whitecap Resources Price Performance

Shares of Whitecap Resources stock traded up C$0.02 on Wednesday, reaching C$10.19. The company’s stock had a trading volume of 2,855,755 shares, compared to its average volume of 2,303,984. The company has a market capitalization of C$6.11 billion, a P/E ratio of 8.15, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 52-week low of C$8.15 and a 52-week high of C$11.31. The stock has a 50-day moving average price of C$10.48 and a 200-day moving average price of C$10.28. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WCP. Jefferies Financial Group decreased their price target on 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. National Bankshares cut their price target on Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. ATB Capital cut their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Raymond James raised Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Finally, Desjardins upped their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$13.61.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of C$10.48 per share, with a total value of C$104,800.00. Also, 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, with a total value of C$52,200.00. Insiders bought a total of 25,000 shares of company stock valued at $261,300 over the last three months. 0.84% of the stock is owned by insiders.

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.