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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.0608 per share on Tuesday, February 18th. This represents a $0.73 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Friday, January 31st.

Whitecap Resources Stock Down 1.1 %

Shares of Whitecap Resources stock opened at C$9.67 on Wednesday. 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 1-year low of C$8.15 and a 1-year high of C$11.31. The business has a 50-day moving average of C$10.10 and a 200-day moving average of C$10.24. The company has a market capitalization of C$5.79 billion, a PE ratio of 7.74, a P/E/G ratio of -0.33 and a beta of 2.67.

Insider Buying and Selling at Whitecap Resources

In other news, Senior Officer Thanh Chan Kang purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of C$10.48 per share, for a total transaction of C$104,800.00. Company insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. ATB Capital cut their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Raymond James raised Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. Desjardins lifted their price target on Whitecap Resources from C$12.75 to C$13.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Canaccord Genuity Group cut their price target on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Whitecap Resources has a consensus rating of “Moderate Buy” and an average target price of C$13.68.

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.