Whitecap Resources Inc. Sells 619,983 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Whitecap Resources Inc. sold 619,983 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of C$8.72, for a total transaction of C$5,406,251.76.

Whitecap Resources Price Performance

Shares of TSE WCP traded up C$0.08 during trading hours on Friday, hitting C$8.04. 12,145,701 shares of the stock were exchanged, compared to its average volume of 4,662,790. The company's fifty day simple moving average is C$8.38 and its two-hundred day simple moving average is C$9.49. The company has a market cap of C$4.69 billion, a PE ratio of 5.42, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. Whitecap Resources Inc. has a 1-year low of C$6.87 and a 1-year high of C$11.31.

Whitecap Resources Announces Dividend

The business also recently declared a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a $0.0608 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 8.97%. Whitecap Resources's payout ratio is currently 49.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WCP shares. Desjardins cut their price target on shares of Whitecap Resources from C$12.00 to C$11.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. National Bankshares reduced their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research note on Thursday, January 30th. CIBC dropped their price target on Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Finally, Raymond James raised Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price objective for the company in a research report on Tuesday, March 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Whitecap Resources presently has an average rating of "Buy" and a consensus price target of C$13.06.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets.