Mary-Jo Case Purchases 5,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCPGet Free Report) Director Mary-Jo Case bought 5,000 shares of Whitecap Resources stock in a transaction dated Monday, October 28th. The stock was purchased at an average cost of C$10.44 per share, for a total transaction of C$52,200.00.

Whitecap Resources Price Performance

Whitecap Resources stock traded down C$0.25 during midday trading on Monday, reaching C$10.42. The company had a trading volume of 1,308,969 shares, compared to its average volume of 2,297,023. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. Whitecap Resources Inc. has a 12-month low of C$8.15 and a 12-month high of C$11.31. The company has a market capitalization of C$6.24 billion, a P/E ratio of 8.54, a P/E/G ratio of -0.33 and a beta of 2.67. The firm’s fifty day simple moving average is C$10.36 and its 200-day simple moving average is C$10.29.

Whitecap Resources Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.0608 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend is Thursday, October 31st. Whitecap Resources’s dividend payout ratio (DPR) is 58.40%.

Analyst Ratings Changes

A number of brokerages recently commented on WCP. Jefferies Financial Group lowered their price target on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, September 16th. National Bankshares dropped their target price on Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Scotiabank increased their price target on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. Royal Bank of Canada raised shares of Whitecap Resources to a “moderate buy” rating in a research note on Friday, July 26th. Finally, ATB Capital lowered their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Whitecap Resources has a consensus rating of “Moderate Buy” and a consensus target price of C$13.61.

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About Whitecap Resources

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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.

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