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

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Stockholders 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 dividend yield of 7.25%. The ex-dividend date is Tuesday, December 31st.

Whitecap Resources Stock Up 1.3 %

WCP stock opened at C$10.07 on Friday. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.31. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. The company has a market cap of C$6.03 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The business’s 50-day simple moving average is C$10.18 and its 200 day simple moving average is C$10.22.

Wall Street Analyst Weigh In

WCP has been the topic of several recent research reports. Canaccord Genuity Group decreased their price objective on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. ATB Capital decreased their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. National Bankshares dropped their price objective on shares of Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Raymond James raised shares of Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. Finally, Desjardins upped their target price on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.61.

Insiders Place Their Bets

In other Whitecap Resources news, Senior Officer Thanh Chan Kang purchased 10,000 shares of the business’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 on Monday, October 28th. The shares were bought at an average cost of C$10.44 per share, for a total transaction of C$52,200.00. Over the last ninety days, insiders have bought 25,000 shares of company stock valued at $261,300. 0.84% of the stock is currently 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.