Whitecap Resources Inc. (TSE:WCP - Get Free Report) announced a monthly dividend on Tuesday, October 15th, TickerTech reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.0608 per share on Friday, November 15th. This represents a $0.73 annualized dividend and a yield of 6.97%. The ex-dividend date of this dividend is Thursday, October 31st.
TSE WCP opened at C$10.47 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 23.55. The firm's fifty day moving average price is C$10.32 and its two-hundred day moving average price is C$10.29. Whitecap Resources has a 1 year low of C$8.15 and a 1 year high of C$11.35. The firm has a market capitalization of C$6.27 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.
Whitecap Resources (TSE:WCP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.41 earnings per share for the quarter, beating the consensus estimate of C$0.29 by C$0.12. The company had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$946.00 million. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. As a group, research analysts anticipate that Whitecap Resources will post 1.1226131 EPS for the current year.
In other Whitecap Resources news, Director Grant Bradley Fagerheim sold 20,000 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$10.22, for a total value of C$204,400.00. Insiders own 0.84% of the company's stock.
Several brokerages have recently weighed in on WCP. Royal Bank of Canada raised shares of Whitecap Resources to a "moderate buy" rating in a research report on Friday, July 26th. National Bankshares lowered their price target on shares of Whitecap Resources from C$15.50 to C$14.50 in a research report on Friday, September 27th. Scotiabank lifted their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 in a research note on Friday, July 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Whitecap Resources from C$12.00 to C$11.00 and set a "buy" rating for the company in a research note on Monday, September 16th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$13.57.
Check Out Our Latest Stock Analysis on Whitecap Resources
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.
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