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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Monday, April 15th, TickerTech reports. Stockholders 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 dividend yield of 6.77%. The ex-dividend date is Monday, April 29th.

Whitecap Resources Stock Down 0.9 %

Shares of TSE:WCP opened at C$10.77 on Friday. Whitecap Resources has a 52-week low of C$8.15 and a 52-week high of C$11.91. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. The business’s 50 day moving average is C$10.04 and its 200 day moving average is C$9.63. The stock has a market cap of C$6.44 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.14). The business had revenue of C$933.30 million for the quarter, compared to analysts’ expectations of C$787.00 million. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. Sell-side analysts predict that Whitecap Resources will post 1.2846626 EPS for the current year.

Analyst Ratings Changes

WCP has been the subject of several recent analyst reports. CIBC boosted their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. ATB Capital decreased their target price on Whitecap Resources from C$15.50 to C$15.00 in a report on Thursday, February 22nd. Canaccord Genuity Group raised their target price on Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a report on Thursday. National Bankshares cut their price objective on Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus raised their price objective on Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$13.56.

Insiders Place Their Bets

In related news, Director Grant Bradley Fagerheim purchased 3,723 shares of the business’s stock in a transaction on Monday, February 5th. The shares were bought at an average price of C$8.17 per share, with a total value of C$30,416.91. Corporate insiders own 0.74% of the company’s stock.

Whitecap Resources Company Profile

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.