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

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.0608 per share on Monday, March 17th. This represents a $0.73 annualized dividend and a yield of 7.41%. The ex-dividend date is Friday, February 28th.

Whitecap Resources Stock Performance

WCP traded up C$0.04 during trading on Wednesday, hitting C$9.85. The company’s stock had a trading volume of 665,000 shares, compared to its average volume of 2,090,168. The business’s 50 day simple moving average is C$9.98 and its 200-day simple moving average is C$10.19. The firm has a market cap of C$5.75 billion, a PE ratio of 6.65, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a one year low of C$8.86 and a one year high of C$11.31. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58.

Wall Street Analysts Forecast Growth

Separately, National Bankshares lowered their target price on 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 analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$13.68.

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.