Whitecap Resources Inc. (TSE:WCP – Get Free Report) shares reached a new 52-week high during trading on Monday following a dividend announcement from the company. The stock traded as high as C$14.19 and last traded at C$13.80, with a volume of 3379501 shares traded. The stock had previously closed at C$13.62.
The newly announced dividend which will be paid on Monday, March 16th. Stockholders of record on Monday, March 16th will be issued a $0.0608 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, February 27th. Whitecap Resources’s payout ratio is 73.70%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. National Bank Financial lifted their price objective on shares of Whitecap Resources from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. TD Securities lifted their price target on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. ATB Cormark Capital Markets raised their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “moderate buy” rating in a report on Tuesday, February 24th. Raymond James Financial lowered Whitecap Resources from a “strong-buy” rating to a “moderate buy” rating and upped their target price for the company from C$15.00 to C$16.00 in a report on Tuesday, February 24th. Finally, Canaccord Genuity Group raised their price target on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Whitecap Resources has an average rating of “Buy” and an average target price of C$15.15.
Whitecap Resources Stock Performance
The company has a market cap of C$16.75 billion, a P/E ratio of 13.94, a PEG ratio of -0.33 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The company has a 50 day moving average price of C$12.23 and a 200-day moving average price of C$11.31.
Whitecap Resources Company Profile
Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.
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