Whitecap Resources (WCP) Hits New 12-Month Low at $6.05

Whitecap Resources Inc. (TSE:WCP)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$6.05 and last traded at C$6.06, with a volume of 972109 shares changing hands. The stock had previously closed at C$6.26.

A number of equities analysts recently issued reports on the stock. TD Securities decreased their target price on shares of Whitecap Resources from C$14.00 to C$11.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Raymond James reiterated a “strong-buy” rating and issued a C$13.25 target price on shares of Whitecap Resources in a research report on Friday, November 2nd. Cormark decreased their target price on shares of Whitecap Resources from C$13.75 to C$13.50 in a research report on Tuesday, October 9th. National Bank Financial increased their target price on shares of Whitecap Resources from C$14.50 to C$16.00 and gave the company a “c$9.00” rating in a research report on Wednesday, July 18th. Finally, CIBC increased their target price on shares of Whitecap Resources from C$12.50 to C$12.75 in a research report on Friday, July 20th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Whitecap Resources currently has a consensus rating of “Buy” and a consensus price target of C$13.10.

The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 39.39.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be given a $0.027 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Tuesday, October 30th. Whitecap Resources’s dividend payout ratio (DPR) is -50.93%.

In related news, insider David Michael Mombourquette purchased 15,000 shares of Whitecap Resources stock in a transaction dated Tuesday, October 16th. The stock was acquired at an average cost of C$7.01 per share, with a total value of C$105,150.00. Also, Director Grant Bradley Fagerheim purchased 20,000 shares of Whitecap Resources stock in a transaction dated Friday, August 31st. The stock was bought at an average cost of C$8.13 per share, with a total value of C$162,600.00. Insiders bought 60,737 shares of company stock valued at $441,848 over the last three months.

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About Whitecap Resources (TSE:WCP)

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.

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