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

Whitecap Resources Inc. (TSE:WCP - Get Free Report) declared a monthly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.0608 per share on Friday, November 15th. This represents a $0.73 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date is Thursday, October 31st.

Whitecap Resources Price Performance

WCP traded up C$0.04 during trading on Thursday, reaching C$10.51. The stock had a trading volume of 2,356,091 shares, compared to its average volume of 2,297,979. The stock has a market cap of C$6.30 billion, a PE ratio of 8.38, a PEG ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.67 and a current ratio of 0.94. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.35. The business has a 50-day moving average of C$10.32 and a 200-day moving average of C$10.29.

Whitecap Resources (TSE:WCP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.29 by C$0.12. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. The business had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$946.00 million. As a group, equities research analysts anticipate that Whitecap Resources will post 1.1226131 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on WCP shares. Royal Bank of Canada upgraded shares of Whitecap Resources to a "moderate buy" rating in a research report on Friday, July 26th. Scotiabank upped their price target on shares of Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Jefferies Financial Group cut their price target on shares of Whitecap Resources from C$12.00 to C$11.00 and set a "buy" rating for the company in a research report on Monday, September 16th. Finally, National Bankshares dropped their target price on shares of Whitecap Resources from C$15.50 to C$14.50 in a report on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Whitecap Resources presently has a consensus rating of "Buy" and a consensus target price of C$13.57.

Insider Buying and Selling at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$10.22, for a total transaction of C$204,400.00. Insiders own 0.84% of the company's stock.

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.