Whitecap Resources Inc. (TSE:WCP) Announces $0.06 Jul 25 Dividend

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

Whitecap Resources Price Performance

Shares of TSE WCP traded up C$0.09 during trading on Thursday, hitting C$9.73. 6,762,952 shares of the company were exchanged, compared to its average volume of 6,137,433. The company has a market cap of C$5.68 billion, a price-to-earnings ratio of 6.56, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 1 year low of C$6.87 and a 1 year high of C$11.31. The firm's fifty day moving average price is C$9.03 and its 200 day moving average price is C$9.11. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WCP shares. National Bank Financial upgraded shares of Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. Raymond James Financial upgraded shares of Whitecap Resources from a "moderate buy" rating to a "strong-buy" rating and boosted their target price for the stock from C$12.00 to C$13.00 in a research report on Thursday, July 3rd. National Bankshares lifted 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 cut their price target on Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. Finally, Scotiabank raised Whitecap Resources from a "sector perform" rating to an "outperform" rating and set a C$12.00 price target for the company in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Whitecap Resources currently has a consensus rating of "Buy" and a consensus target price of C$13.00.

Insider Buying and Selling

In related news, insider Whitecap Resources Inc. sold 619,983 shares of Whitecap Resources stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of C$8.72, for a total transaction of C$5,406,251.76. Also, Director Grant Bradley Fagerheim acquired 15,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The shares were bought at an average price of C$9.43 per share, with a total value of C$141,450.00. In the last quarter, insiders purchased 70,000 shares of company stock worth $599,180. 0.84% of the stock is owned by corporate 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.