Whitecap Resources Inc. (TSE:WCP) Insider Whitecap Resources Inc. Sells 619,983 Shares

Whitecap Resources Inc. (TSE:WCP) insider Whitecap Resources Inc. sold 619,983 shares of the company’s stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of C$8.72, for a total transaction of C$5,406,251.76.

Whitecap Resources Stock Performance

WCP stock traded down C$0.21 during midday trading on Monday, hitting C$7.61. The stock had a trading volume of 2,624,051 shares, compared to its average volume of 4,501,964. Whitecap Resources Inc. has a 52 week low of C$6.87 and a 52 week high of C$11.31. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The stock has a 50-day simple moving average of C$8.57 and a 200 day simple moving average of C$9.57. The firm has a market capitalization of C$4.44 billion, a price-to-earnings ratio of 5.13, a P/E/G ratio of -0.33 and a beta of 2.67.

Whitecap Resources Announces Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.0608 per share. This represents a dividend yield of 8.97%. The ex-dividend date is Wednesday, April 30th. Whitecap Resources’s payout ratio is 49.25%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WCP shares. Desjardins decreased their price target on shares of Whitecap Resources from C$12.00 to C$11.50 and set a “buy” rating for the company in a report on Tuesday, April 15th. CIBC dropped their price target on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Raymond James upgraded shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective on the stock in a research note on Tuesday, March 11th. Finally, National Bankshares cut their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$13.06.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.