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

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.0608 per share on Monday, December 16th. This represents a $0.73 annualized dividend and a yield of 7.16%. The ex-dividend date is Friday, November 29th.

Whitecap Resources Price Performance

Shares of WCP traded up C$0.02 during mid-day trading on Wednesday, reaching C$10.19. The company had a trading volume of 2,855,755 shares, compared to its average volume of 2,303,984. Whitecap Resources has a twelve month low of C$8.15 and a twelve month high of C$11.31. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67. The company’s 50-day moving average is C$10.48 and its 200-day moving average is C$10.28. The company has a market capitalization of C$6.11 billion, a P/E ratio of 8.18, a P/E/G ratio of -0.33 and a beta of 2.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. ATB Capital decreased their price target on 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. Canaccord Genuity Group decreased their price target on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. Jefferies Financial Group decreased their price target on Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Raymond James upgraded Whitecap Resources to a “hold” rating in a research report on Thursday, October 17th. Finally, National Bankshares decreased their price objective on Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$13.61.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of C$10.48 per share, with a total value of C$104,800.00. Also, Director Mary-Jo Case acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of C$10.44 per share, for a total transaction of C$52,200.00. Insiders have purchased 25,000 shares of company stock worth $261,300 in the last three months. Insiders own 0.84% of the company’s stock.

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.