Whitecap Resources Inc. (WCP) to Issue Monthly Dividend of $0.06 on May 15th

Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Monday, April 15th, TickerTech reports. Shareholders 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 annualized dividend and a 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. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 25.25. The company has a market cap of C$6.44 billion, a price-to-earnings ratio of 7.38, a PEG ratio of -0.33 and a beta of 2.81. Whitecap Resources has a 12 month low of C$8.15 and a 12 month high of C$11.91. The stock has a 50-day moving average price of C$10.00 and a two-hundred day moving average price of C$9.64.

Whitecap Resources (TSE:WCP) last issued its earnings results on Wednesday, April 24th. The company reported C$0.10 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 analyst estimates of C$787.00 million. Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. As a group, analysts forecast that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal year.

Insider Buying and Selling at Whitecap Resources

In other news, Director Grant Bradley Fagerheim bought 5,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was acquired at an average price of C$10.58 per share, with a total value of C$52,900.00. Insiders own 0.74% of the company’s stock.

Wall Street Analysts Forecast Growth

WCP has been the subject of several research analyst reports. Jefferies Financial Group set a C$11.00 target price on Whitecap Resources and gave the stock a “buy” rating in a research note on Tuesday, February 27th. ATB Capital lowered their price objective on Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. Royal Bank of Canada upped their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday. CIBC upped their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Finally, Desjardins upped their price objective on Whitecap Resources from C$11.00 to C$11.50 and gave the company a “buy” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$13.56.

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.