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

Whitecap Resources Inc. (OTCMKTS:SPGYF) announced a dividend on Tuesday, November 23rd, investing.com reports. Stockholders of record on Tuesday, November 30th will be paid a dividend of 0.2158 per share on Wednesday, December 15th. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, November 29th.

Shares of OTCMKTS SPGYF opened at $5.84 on Thursday. Whitecap Resources has a 1-year low of $2.99 and a 1-year high of $6.63. The business has a 50-day moving average of $5.69 and a 200-day moving average of $5.01.

A number of brokerages recently commented on SPGYF. CIBC increased their price target on Whitecap Resources from C$9.25 to C$109.50 and gave the company an “outperform” rating in a report on Friday, October 15th. Scotiabank increased their price target on Whitecap Resources from C$7.50 to C$9.00 and gave the company a “sector perform” rating in a report on Thursday, October 14th. Stifel Nicolaus increased their price target on Whitecap Resources from C$10.50 to C$10.75 and gave the company a “buy” rating in a report on Friday, October 29th. Canaccord Genuity increased their price target on Whitecap Resources from C$11.00 to C$11.50 and gave the company a “buy” rating in a report on Friday, October 15th. Finally, BMO Capital Markets increased their target price on Whitecap Resources from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Wednesday, October 6th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.97.

About Whitecap Resources

Whitecap Resources, Inc engages in the acquisition, development, and production of crude oil and natural gas. It focuses on the Boundary Lake, Valhalla, West Central Alberta, West Central Saskatchewan, and Southwest Saskatchewan. The company was founded by Grant B. Fagerheim on June 3, 2008 and is headquartered in Calgary, Canada.

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