Whitecap Resources Inc. (TSE:WCP - Get Free Report) Senior Officer Thanh Chan Kang purchased 10,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of C$10.48 per share, with a total value of C$104,800.00.
Whitecap Resources Trading Down 2.1 %
WCP traded down C$0.22 during trading on Friday, hitting C$10.40. 1,950,435 shares of the stock were exchanged, compared to its average volume of 2,303,427. The firm has a 50 day simple moving average of C$10.38 and a 200 day simple moving average of C$10.29. The firm has a market cap of C$6.23 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 1 year low of C$8.15 and a 1 year high of C$11.31. 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 Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be given a $0.0608 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.02%. Whitecap Resources's payout ratio is 58.40%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Scotiabank upped their price objective on Whitecap Resources from C$12.00 to C$13.00 in a research report on Friday, July 12th. Jefferies Financial Group reduced their price objective on 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. Raymond James upgraded Whitecap Resources to a "hold" rating in a research report on Thursday, October 17th. National Bankshares cut their target price on Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Finally, Royal Bank of Canada upgraded Whitecap Resources to a "moderate buy" rating in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$13.61.
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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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