Whitecap Resources Inc. (WCP) To Go Ex-Dividend on December 31st

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0608 per share on Wednesday, January 15th. This represents a $0.73 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Tuesday, December 31st.

Whitecap Resources Stock Up 1.3 %

Shares of WCP stock traded up C$0.13 on Friday, hitting C$10.07. The company’s stock had a trading volume of 1,798,320 shares, compared to its average volume of 2,278,769. The stock has a market capitalization of C$6.03 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.31. The firm’s fifty day moving average price is C$10.18 and its 200-day moving average price is C$10.22. The company has a debt-to-equity ratio of 23.55, a current ratio of 0.94 and a quick ratio of 0.67.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WCP shares. Desjardins increased their price objective 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. National Bankshares decreased their price objective on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. Jefferies Financial Group lowered their target price on shares of Whitecap Resources from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. ATB Capital cut their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Canaccord Genuity Group lowered their price target on Whitecap Resources from C$14.50 to C$14.00 in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$13.61.

Insider Buying and Selling

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