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

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.0608 per share on Monday, March 17th. This represents a $0.73 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Friday, February 28th.

Whitecap Resources Trading Up 0.6 %

Shares of Whitecap Resources stock traded up C$0.06 during midday trading on Wednesday, reaching C$9.87. 725,063 shares of the company’s stock traded hands, compared to its average volume of 2,092,245. The stock has a 50 day moving average of C$9.98 and a 200-day moving average of C$10.19. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The company has a market cap of C$5.76 billion, a PE ratio of 6.66, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 12 month low of C$8.86 and a 12 month high of C$11.31.

Analyst Ratings Changes

Separately, National Bankshares decreased their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$13.68.

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.