Whitecap Resources (TSE:WCP) Reaches New 12-Month Low - Here's Why

Whitecap Resources Inc. (TSE:WCP - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$7.79 and last traded at C$7.81, with a volume of 2887512 shares traded. The stock had previously closed at C$8.61.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WCP. Raymond James raised shares of Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price objective on the stock in a research note on Tuesday, March 11th. Desjardins set a C$12.00 price target on Whitecap Resources and gave the company a "buy" rating in a research note on Wednesday, March 19th. Finally, National Bankshares dropped their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Whitecap Resources presently has a consensus rating of "Buy" and a consensus target price of C$13.52.

Whitecap Resources Stock Performance

The company has a market cap of C$4.70 billion, a price-to-earnings ratio of 5.43, a P/E/G 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. The company has a fifty day moving average of C$9.26 and a two-hundred day moving average of C$9.92.

Whitecap Resources Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date was Friday, February 28th. Whitecap Resources's payout ratio is 49.25%.

Insider Transactions at Whitecap Resources

In other Whitecap Resources news, Senior Officer Thanh Chan Kang purchased 9,720 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of C$8.43 per share, for a total transaction of C$81,939.60. Also, Director Grant Bradley Fagerheim bought 5,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of C$7.60 per share, with a total value of C$38,000.00. Over the last three months, insiders have bought 98,120 shares of company stock worth $835,336. Insiders own 0.84% of the company's stock.

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.