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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Monday, April 15th, TickerTech reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.0608 per share on Wednesday, May 15th. This represents a $0.73 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Monday, April 29th.

Whitecap Resources Stock Up 0.7 %

Shares of WCP stock traded up C$0.07 during trading on Wednesday, reaching C$10.56. The company’s stock had a trading volume of 326,393 shares, compared to its average volume of 2,429,557. Whitecap Resources has a 1-year low of C$8.15 and a 1-year high of C$11.91. The stock’s 50-day moving average price is C$9.72 and its 200 day moving average price is C$9.64. The company has a market capitalization of C$6.31 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of -0.33 and a beta of 2.81. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.19. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. The business had revenue of C$914.10 million during the quarter. On average, research analysts anticipate that Whitecap Resources will post 1.2846626 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WCP. Raymond James decreased their price objective on Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating for the company in a research note on Friday, January 19th. CIBC reduced their price objective on shares of Whitecap Resources from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. Desjardins lifted their price objective on shares of Whitecap Resources from C$11.00 to C$11.50 and gave the stock a “buy” rating in a research report on Friday, February 23rd. National Bankshares dropped their target price on Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Finally, Stifel Nicolaus lifted their price target on Whitecap Resources from C$12.25 to C$12.75 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$13.35.

Insiders Place Their Bets

In other news, Director Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock in a transaction dated Friday, April 5th. The stock was acquired at an average cost of C$10.58 per share, with a total value of C$52,900.00. Corporate insiders own 0.74% 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.