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

Key Points

• Whitecap Resources Inc. declared a dividend of $0.06 per share to be paid on September 15th to investors of record by August 31st.
• The company's stock rose by 1.5% to C$10.17 with a market cap of C$5.94 billion and an average price target of C$13.13 from analysts.
• Several analysts have upgraded their ratings on Whitecap Resources, highlighting a mix of buy and strong buy recommendations, with National Bankshares raising their price target to C$15.00.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) declared a aug 25 dividend on Thursday, August 14th, RTT News reports. Shareholders of record on Sunday, August 31st will be given a dividend of 0.0608 per share on Monday, September 15th.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock traded down C$0.06 during trading on Tuesday, reaching C$9.94. The company's stock had a trading volume of 877,313 shares, compared to its average volume of 6,077,425. The business's 50-day moving average price is C$9.75 and its 200-day moving average price is C$9.11. The firm has a market cap of C$5.80 billion, a PE ratio of 6.71, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources has a 52 week low of C$6.87 and a 52 week 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.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim bought 5,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average price of C$10.71 per share, with a total value of C$53,550.00. Also, Director Bradley John Wall bought 11,500 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was bought at an average cost of C$8.77 per share, with a total value of C$100,855.00. Insiders have acquired 41,500 shares of company stock worth $383,055 over the last quarter. Corporate insiders own 0.84% of the company's stock.

Whitecap Resources Company Profile

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.