Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Bradley John Wall bought 2,200 shares of Whitecap Resources stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of C$9.24 per share, for a total transaction of C$20,328.00.
Whitecap Resources Stock Performance
Shares of TSE WCP traded up C$0.02 during midday trading on Friday, reaching C$9.33. The company's stock had a trading volume of 6,770,399 shares, compared to its average volume of 3,625,322. The firm has a 50 day moving average price of C$9.60 and a 200-day moving average price of C$10.03. The stock has a market capitalization of C$5.45 billion, a P/E ratio of 6.29, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 12-month low of C$7.88 and a 12-month high of C$11.31. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.
Whitecap Resources Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a dividend of $0.0608 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a yield of 7.82%. Whitecap Resources's dividend payout ratio (DPR) is presently 49.25%.
Analyst Ratings Changes
A number of equities analysts have issued reports on WCP shares. Raymond James upgraded Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 target price for the company in a report on Tuesday, March 11th. Desjardins set a C$12.00 price target on Whitecap Resources and gave the company a "buy" rating in a research note on Wednesday. Finally, National Bankshares dropped their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a report on Thursday, January 30th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$13.52.
Check Out Our Latest Research Report on WCP
About Whitecap Resources
(
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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.
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