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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.0608 per share on Monday, December 16th. This represents a $0.73 annualized dividend and a yield of 7.16%. The ex-dividend date is Friday, November 29th.

Whitecap Resources Stock Performance

TSE:WCP traded up C$0.02 during midday trading on Wednesday, reaching C$10.19. 2,855,755 shares of the company traded hands, compared to its average volume of 2,303,984. The company has a fifty day moving average price of C$10.48 and a 200 day moving average price of C$10.28. The firm has a market capitalization of C$6.11 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. 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 has a twelve month low of C$8.15 and a twelve month high of C$11.31.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Mary-Jo Case purchased 5,000 shares of Whitecap Resources stock in a transaction on Monday, October 28th. The stock was bought at an average cost of C$10.44 per share, with a total value of C$52,200.00. Also, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of the stock in a transaction on Monday, October 28th. The shares were acquired at an average cost of C$10.43 per share, for a total transaction of C$104,300.00. In the last ninety days, insiders have acquired 25,000 shares of company stock worth $261,300. 0.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WCP has been the subject of several recent research reports. ATB Capital reduced 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, October 24th. Desjardins raised their target price on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group cut their price target on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, September 16th. National Bankshares cut their price objective on Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Finally, Raymond James raised Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$13.61.

Whitecap Resources Company Profile

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.