Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Thursday, February 25th, TickerTech reports. Shareholders of record on Monday, March 15th will be paid a dividend of 0.0143 per share on Monday, March 15th. This represents a $0.17 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, February 25th.
Shares of WCP stock opened at C$5.38 on Tuesday. Whitecap Resources has a 52-week low of C$0.73 and a 52-week high of C$5.56. The company has a debt-to-equity ratio of 181.75, a quick ratio of 0.84 and a current ratio of 0.97. The firm has a market capitalization of C$2.51 billion and a PE ratio of -0.94. The stock has a fifty day simple moving average of C$5.06 and a two-hundred day simple moving average of C$3.64.
WCP has been the subject of a number of analyst reports. Tudor Pickering reiterated a “buy” rating and issued a C$5.50 price target on shares of Whitecap Resources in a research note on Tuesday, January 5th. Tudor Pickering & Holt set a C$5.50 price target on Whitecap Resources and gave the stock a “buy” rating in a research note on Tuesday, January 5th. CIBC raised their price objective on Whitecap Resources from C$6.00 to C$7.00 in a research report on Wednesday, December 16th. Raymond James raised their price objective on Whitecap Resources from C$5.50 to C$7.00 and gave the company a “strong-buy” rating in a research report on Friday, January 15th. Finally, Haywood Securities raised their price objective on Whitecap Resources from C$4.00 to C$5.00 in a research report on Saturday, November 28th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Whitecap Resources presently has a consensus rating of “Buy” and an average target price of C$5.42.
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 Southwest Saskatchewan. As of December 31, 2019, it had a total proved plus probable reserves of 507,365 thousand barrels of oil equivalent.
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