Whitecap Resources Inc. to Issue Jul 25 Dividend of $0.06 (TSE:WCP)

Whitecap Resources Inc. (TSE:WCP - Get Free Report) declared a jul 25 dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.0608 per share on Friday, August 15th. This represents a dividend yield of 7.54%. The ex-dividend date of this dividend is Thursday, July 31st.

Whitecap Resources Stock Performance

Shares of TSE:WCP traded up C$0.20 on Friday, hitting C$9.93. The company's stock had a trading volume of 7,105,667 shares, compared to its average volume of 6,144,449. Whitecap Resources has a 12 month low of C$6.87 and a 12 month high of C$11.31. The company has a market capitalization of C$5.80 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The stock's 50-day moving average is C$9.03 and its two-hundred day moving average is C$9.11. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. National Bankshares increased their price target on Whitecap Resources from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. CIBC decreased their target price on Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Scotiabank raised Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 target price for the company in a research note on Thursday, May 22nd. Raymond James Financial raised Whitecap Resources from a "moderate buy" rating to a "strong-buy" rating and raised their target price for the company from C$12.00 to C$13.00 in a research note on Thursday, July 3rd. Finally, Desjardins cut Whitecap Resources from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Whitecap Resources has an average rating of "Buy" and a consensus target price of C$13.00.

Insider Activity at Whitecap Resources

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 15,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of C$8.06 per share, for a total transaction of C$120,900.00. Also, insider Whitecap Resources Inc. sold 619,983 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of C$8.72, for a total value of C$5,406,251.76. Insiders purchased 70,000 shares of company stock worth $599,180 in the last quarter. 0.84% of the stock is owned by company insiders.

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.