Whitecap Resources Inc. (WCP) Declares Monthly Dividend of $0.02
Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Friday, September 15th, Zacks reports. Shareholders of record on Saturday, September 30th will be paid a dividend of 0.023 per share on Monday, October 16th. This represents a $0.28 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, September 28th.
Shares of Whitecap Resources (TSE WCP) traded down 1.83% during midday trading on Friday, reaching $9.65. 2,471,724 shares of the company’s stock traded hands. Whitecap Resources has a one year low of $8.44 and a one year high of $12.90. The company has a 50-day moving average of $9.08 and a 200-day moving average of $9.52. The company has a market capitalization of $3.57 billion and a price-to-earnings ratio of 11.84.
In related news, Director Grant Bradley Fagerheim purchased 8,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of C$8.87 per share, for a total transaction of C$70,960.00. Also, insider Jeffery Byron Zdunich purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of C$8.46 per share, for a total transaction of C$42,300.00. Over the last 90 days, insiders bought 25,000 shares of company stock worth $220,540.
WCP has been the topic of a number of analyst reports. National Bank Financial cut their price objective on shares of Whitecap Resources from C$13.50 to C$12.00 in a research report on Friday, June 23rd. Royal Bank Of Canada cut their price objective on shares of Whitecap Resources from C$15.00 to C$12.00 in a research report on Thursday, July 20th. Finally, Barclays PLC cut their price objective on shares of Whitecap Resources from C$13.00 to C$10.00 in a research report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$13.65.
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Whitecap Resources Company Profile
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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