Whitecap Resources Inc. (TSE:WCP) Announces Monthly Dividend of $0.05

Whitecap Resources Inc. (TSE:WCP – Get Rating) announced a monthly dividend on Wednesday, March 15th, TickerTech reports. Shareholders of record on Friday, March 31st will be given a dividend of 0.0483 per share on Monday, April 17th. This represents a $0.58 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from Whitecap Resources’s previous monthly dividend of $0.05.

Whitecap Resources Stock Down 3.1 %

Whitecap Resources stock traded down C$0.30 during mid-day trading on Friday, hitting C$9.34. The company had a trading volume of 1,551,782 shares, compared to its average volume of 2,519,982. The company has a quick ratio of 0.67, a current ratio of 1.29 and a debt-to-equity ratio of 37.10. Whitecap Resources has a 1 year low of C$7.70 and a 1 year high of C$12.71. The business has a fifty day moving average of C$10.63 and a 200 day moving average of C$10.24. The stock has a market cap of C$5.69 billion, a price-to-earnings ratio of 3.78, a PEG ratio of -0.33 and a beta of 2.91.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 130,000 shares of Whitecap Resources stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of C$9.99, for a total value of C$1,298,700.00. Following the completion of the sale, the director now owns 581,200 shares in the company, valued at approximately C$5,806,188. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on WCP. National Bankshares lifted their price target on Whitecap Resources from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. TD Securities upped their price target on shares of Whitecap Resources from C$16.50 to C$17.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. Barclays set a C$14.00 price objective on shares of Whitecap Resources and gave the stock an “overweight” rating in a research report on Wednesday, January 18th. BMO Capital Markets reduced their target price on shares of Whitecap Resources from C$14.00 to C$12.00 in a report on Tuesday, December 13th. Finally, Stifel Nicolaus increased their price objective on Whitecap Resources from C$13.50 to C$14.00 in a research report on Friday, February 24th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$14.92.

About Whitecap Resources

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Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.