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

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 paid 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 of this dividend is Friday, November 29th.

Whitecap Resources Stock Performance

TSE WCP traded up C$0.02 during trading on Wednesday, hitting C$10.19. The company’s stock had a trading volume of 2,855,755 shares, compared to its average volume of 2,303,984. 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 firm has a 50 day moving average price of C$10.48 and a 200 day moving average price of C$10.28. The firm has a market cap of C$6.11 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 52 week low of C$8.15 and a 52 week high of C$11.31.

Insiders Place Their Bets

In other news, Senior Officer Joel Maxwell Armstrong bought 10,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was bought at an average price of C$10.43 per share, for a total transaction of C$104,300.00. Also, Director Mary-Jo Case bought 5,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were purchased at an average price of C$10.44 per share, with a total value of C$52,200.00. Over the last quarter, insiders have acquired 25,000 shares of company stock valued at $261,300. 0.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Raymond James raised Whitecap Resources to a “hold” rating in a report on Thursday, October 17th. ATB Capital decreased their price objective on 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. Desjardins lifted their price objective on Whitecap Resources from C$12.75 to C$13.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Canaccord Genuity Group decreased their price objective on Whitecap Resources from C$14.50 to C$14.00 in a report on Tuesday, October 22nd. Finally, National Bankshares decreased their price objective on Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$13.61.

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.