Whitecap Resources (OTCMKTS:SPGYF) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Whitecap Resources Inc. (OTCMKTS:SPGYF) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.93 and traded as high as $6.15. Whitecap Resources shares last traded at $6.13, with a volume of 4,742,593 shares changing hands.

Analyst Ratings Changes

Several analysts recently commented on SPGYF shares. Desjardins restated a “buy” rating on shares of Whitecap Resources in a research report on Tuesday, March 11th. National Bankshares restated an “outperform” rating on shares of Whitecap Resources in a research report on Tuesday. Finally, Raymond James restated an “outperform” rating on shares of Whitecap Resources in a research report on Tuesday.

Whitecap Resources Price Performance

The company’s 50-day moving average price is $5.94 and its 200-day moving average price is $6.63.

Whitecap Resources Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a $0.0437 dividend. This is a positive change from Whitecap Resources’s previous dividend of $0.04. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a dividend yield of 8.89%. Whitecap Resources’s dividend payout ratio (DPR) is 47.33%.

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.