Whitecap Resources Inc. (TSE:WCP - Get Free Report) declared a jun 25 dividend on Monday, June 16th, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.0608 per share on Tuesday, July 15th.
Whitecap Resources Stock Performance
WCP traded up C$0.10 during trading hours on Thursday, reaching C$9.62. The company's stock had a trading volume of 3,803,005 shares, compared to its average volume of 6,129,454. The company's 50-day moving average is C$8.42 and its 200-day moving average is C$9.19. Whitecap Resources has a 52 week low of C$6.87 and a 52 week high of C$11.31. The firm has a market cap of C$5.62 billion, a PE ratio of 6.49, 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.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Raymond James Financial increased their target price on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. National Bank Financial raised shares of Whitecap Resources to a "strong-buy" rating in a research report on Monday, May 12th. CIBC decreased their price target on shares of Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. National Bankshares lifted their price objective on shares of 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. Finally, Desjardins cut shares of Whitecap Resources from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$12.88.
Read Our Latest Report on WCP
Insider Transactions at Whitecap Resources
In related news, insider Whitecap Resources Inc. sold 619,983 shares of Whitecap Resources stock in a transaction that occurred 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. Also, Director Bradley John Wall acquired 11,500 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were bought at an average price of C$8.77 per share, with a total value of C$100,855.00. In the last 90 days, insiders bought 101,200 shares of company stock valued at $853,698. Company insiders own 0.84% of the company's stock.
Whitecap Resources Company Profile
(
Get Free Report)
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.
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