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

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Monday, July 15th, TickerTech reports. Investors of record on Wednesday, July 31st will be given a dividend of 0.0608 per share on Thursday, August 15th. This represents a $0.73 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend is Wednesday, July 31st.

Whitecap Resources Price Performance

Whitecap Resources stock opened at C$10.49 on Tuesday. Whitecap Resources has a 52-week low of C$8.15 and a 52-week high of C$11.91. The firm has a market capitalization of C$6.28 billion, a price-to-earnings ratio of 9.28, a PEG ratio of -0.33 and a beta of 2.77. The company has a fifty day simple moving average of C$10.18 and a 200-day simple moving average of C$9.85. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 26.11.

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Director Chandra Henry bought 10,000 shares of Whitecap Resources stock in a transaction on Wednesday, July 10th. The stock was bought at an average price of C$10.00 per share, with a total value of C$100,000.00. Over the last quarter, insiders acquired 40,000 shares of company stock valued at $404,200. 0.82% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WCP shares. Canaccord Genuity Group raised their target price on shares of Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Scotiabank raised their target price on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. CIBC raised their target price on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. BMO Capital Markets raised their target price on shares of Whitecap Resources from C$13.00 to C$14.00 in a research report on Thursday, April 25th. Finally, Stifel Nicolaus increased their price target on Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target 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.