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

Whitecap Resources Inc. (TSE:WCP - Get Free Report) announced a monthly dividend on Monday, April 15th, TickerTech reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.0608 per share on Wednesday, May 15th. This represents a $0.73 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Monday, April 29th.

Whitecap Resources Stock Down 1.0 %

Shares of WCP traded down C$0.10 on Wednesday, hitting C$10.39. 1,494,317 shares of the stock traded hands, compared to its average volume of 2,445,739. The company has a market capitalization of C$6.21 billion, a PE ratio of 7.12, a P/E/G ratio of -0.33 and a beta of 2.81. The company has a debt-to-equity ratio of 25.25, a quick ratio of 0.67 and a current ratio of 0.90. The business has a 50 day simple moving average of C$9.76 and a 200 day simple moving average of C$9.65. Whitecap Resources has a one year low of C$8.15 and a one year high of C$11.91.

Whitecap Resources (TSE:WCP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.19. The company had revenue of C$914.10 million during the quarter. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. As a group, equities analysts forecast that Whitecap Resources will post 1.2846626 earnings per share for the current fiscal year.

Insider Activity at Whitecap Resources

In other news, Director Grant Bradley Fagerheim bought 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average price of C$10.58 per share, for a total transaction of C$52,900.00. 0.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WCP has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their target price on shares of Whitecap Resources from C$12.50 to C$14.00 and gave the stock a "buy" rating in a research report on Wednesday. Raymond James cut their target price on shares of Whitecap Resources from C$15.50 to C$13.00 and set a "strong-buy" rating for the company in a research report on Friday, January 19th. National Bankshares cut their target price on shares of Whitecap Resources from C$18.50 to C$15.00 and set an "outperform" rating for the company in a research report on Wednesday, January 10th. ATB Capital cut their target price on shares of Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Whitecap Resources from C$12.25 to C$12.75 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Whitecap Resources presently has a consensus rating of "Buy" and a consensus price target of C$13.27.

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.