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

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

Whitecap Resources Stock Performance

Shares of WCP stock opened at C$9.67 on Wednesday. The company has a market capitalization of C$5.79 billion, a P/E ratio of 7.74, a P/E/G ratio of -0.33 and a beta of 2.67. The business’s 50 day moving average is C$10.10 and its two-hundred day moving average is C$10.24. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. Whitecap Resources has a 12-month low of C$8.15 and a 12-month high of C$11.31.

Analysts Set New Price Targets

Several research firms have issued reports on WCP. Canaccord Genuity Group cut their target price on Whitecap Resources from C$14.50 to C$14.00 in a research note on Tuesday, October 22nd. Raymond James raised Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. ATB Capital decreased their price target on 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. Finally, Desjardins boosted their target price 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Whitecap Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.68.

Insider Activity at Whitecap Resources

In related news, Senior Officer Thanh Chan Kang bought 10,000 shares of Whitecap Resources stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of C$10.48 per share, with a total value of C$104,800.00. 0.84% of the stock is owned by corporate insiders.

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.