Whitecap Resources Inc (TSE:WCP) Announces $0.03 Monthly Dividend

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Whitecap Resources Inc (TSE:WCP) announced a monthly dividend on Wednesday, October 30th, TickerTech reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0285 per share on Friday, November 15th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Wednesday, October 30th.

Shares of WCP stock opened at C$3.86 on Monday. Whitecap Resources has a 12 month low of C$3.41 and a 12 month high of C$6.68. The stock has a market cap of $1.54 billion and a PE ratio of 20.32. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 39.79. The company’s fifty day moving average price is C$4.20 and its 200-day moving average price is C$4.43.

Whitecap Resources (TSE:WCP) last announced its earnings results on Thursday, August 1st. The company reported C$0.14 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.09 by C$0.05. The business had revenue of C$379.33 million for the quarter. On average, sell-side analysts forecast that Whitecap Resources will post 0.27 earnings per share for the current fiscal year.

WCP has been the topic of a number of research reports. CIBC dropped their target price on shares of Whitecap Resources from C$7.25 to C$6.50 in a report on Tuesday, October 15th. Tudor Pickering & Holt cut shares of Whitecap Resources from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Canaccord Genuity dropped their target price on shares of Whitecap Resources from C$8.00 to C$7.50 in a report on Tuesday, July 9th. Royal Bank of Canada dropped their target price on shares of Whitecap Resources from C$6.75 to C$6.00 in a report on Friday, October 18th. Finally, Laurentian dropped their target price on shares of Whitecap Resources from C$9.50 to C$8.75 in a report on Tuesday, August 27th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Whitecap Resources has an average rating of “Buy” and an average target price of C$7.93.

In related news, Director Grant Bradley Fagerheim purchased 10,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of C$3.61 per share, with a total value of C$36,099.00. Following the transaction, the director now directly owns 2,119,524 shares in the company, valued at C$7,651,269.69. Also, Senior Officer Darin Roy Dunlop purchased 30,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of C$3.44 per share, with a total value of C$103,200.00. Following the transaction, the insider now owns 237,278 shares in the company, valued at C$816,236.32. In the last ninety days, insiders bought 45,700 shares of company stock valued at $166,192.

About Whitecap Resources

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan. Whitecap Resources Inc is headquartered in Calgary, Canada.

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Dividend History for Whitecap Resources (TSE:WCP)

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