Whitecap Resources (TSE:WCP) Hits New 12-Month Low - Here's What Happened

Shares of Whitecap Resources Inc. (TSE:WCP - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$8.94 and last traded at C$9.04, with a volume of 1972185 shares. The stock had previously closed at C$9.06.

Analyst Ratings Changes

Separately, National Bankshares reduced their price objective on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$13.68.

Whitecap Resources Trading Down 14.4 %

The stock's 50 day moving average is C$9.93 and its 200-day moving average is C$10.14. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The company has a market cap of C$4.67 billion, a PE ratio of 5.40, a P/E/G ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.73 annualized dividend and a yield of 9.12%. Whitecap Resources's payout ratio is presently 49.25%.

Whitecap Resources Company Profile

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.