Whitecap Resources Inc. (WCP) to Issue Monthly Dividend of $0.06 on January 15th

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.0608 per share on Wednesday, January 15th. This represents a $0.73 annualized dividend and a yield of 7.25%. The ex-dividend date is Tuesday, December 31st.

Whitecap Resources Stock Up 1.3 %

Whitecap Resources stock traded up C$0.13 on Friday, hitting C$10.07. 1,798,320 shares of the stock traded hands, compared to its average volume of 2,278,769. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.31. The firm has a market cap of C$6.03 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The business’s fifty day simple moving average is C$10.18 and its 200 day simple moving average is C$10.22.

Insiders Place Their Bets

In related news, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was acquired at an average price of C$10.43 per share, with a total value of C$104,300.00. Also, Director Mary-Jo Case bought 5,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were bought at an average price of C$10.44 per share, with a total value of C$52,200.00. In the last 90 days, insiders acquired 25,000 shares of company stock valued at $261,300. 0.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WCP shares. Desjardins boosted their price objective on shares of Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Raymond James upgraded Whitecap Resources to a “hold” rating in a research note on Thursday, October 17th. ATB Capital lowered their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, October 24th. National Bankshares cut their target price on Whitecap Resources from C$15.50 to C$14.50 in a research note on Friday, September 27th. Finally, Canaccord Genuity Group lowered their price target on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.61.

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.