Whitecap Resources Inc. (TSE:WCP) Declares Monthly Dividend of $0.06

Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.0608 per share on Monday, March 17th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date is Friday, February 28th.

Whitecap Resources Stock Up 0.2 %

WCP traded up C$0.02 on Wednesday, hitting C$9.83. 581,993 shares of the company were exchanged, compared to its average volume of 2,089,420. Whitecap Resources has a 12 month low of C$8.86 and a 12 month high of C$11.31. 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 stock’s fifty day moving average is C$9.98 and its 200-day moving average is C$10.19. The company has a market cap of C$5.74 billion, a PE ratio of 6.63, a PEG ratio of -0.33 and a beta of 2.67.

Analysts Set New Price Targets

Separately, National Bankshares dropped their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.68.

About 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.