Whitecap Resources Inc. to Issue 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 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend is Friday, January 31st.

Whitecap Resources Price Performance

Shares of TSE WCP opened at C$9.67 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. The business’s 50 day moving average price is C$10.10 and its two-hundred day moving average price is C$10.24. The company has a market cap of C$5.79 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.31.

Insider Buying and Selling at Whitecap Resources

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

Analyst Upgrades and Downgrades

WCP has been the topic of several research analyst reports. Raymond James raised shares of Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group decreased their price target on shares of Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. Desjardins lifted 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. Finally, ATB Capital decreased 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 research report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.68.

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.