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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.0608 per share on Monday, March 17th. This represents a $0.73 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date is Friday, February 28th.

Whitecap Resources Stock Up 0.4 %

Shares of TSE WCP traded up C$0.04 during midday trading on Wednesday, hitting C$9.85. The stock had a trading volume of 665,000 shares, compared to its average volume of 2,090,168. The business’s 50 day moving average is C$9.98 and its 200-day moving average is C$10.19. Whitecap Resources has a 52 week low of C$8.86 and a 52 week high of C$11.31. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The company has a market cap of C$5.75 billion, a P/E ratio of 6.65, a PEG ratio of -0.33 and a beta of 2.67.

Wall Street Analysts Forecast Growth

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

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.