Whitecap Resources Inc. (TSE:WCP) Declares Jun 25 Dividend of $0.06

Whitecap Resources Inc. (TSE:WCP) announced a jun 25 dividend on Monday, June 16th, RTT News reports. Investors of record on Monday, June 30th will be given a dividend of 0.0608 per share on Tuesday, July 15th.

Whitecap Resources Trading Down 1.4%

WCP stock traded down C$0.13 during midday trading on Monday, reaching C$9.26. The company’s stock had a trading volume of 5,734,704 shares, compared to its average volume of 6,132,646. The business’s 50-day simple moving average is C$8.32 and its 200-day simple moving average is C$9.19. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. Whitecap Resources has a 52 week low of C$6.87 and a 52 week high of C$11.31. The stock has a market cap of C$5.41 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Analyst Ratings Changes

WCP has been the topic of several recent research reports. Raymond James raised their price target on Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. National Bankshares raised their target price on Whitecap Resources from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. National Bank Financial upgraded Whitecap Resources to a “strong-buy” rating in a research report on Monday, May 12th. Desjardins cut Whitecap Resources from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. Finally, CIBC reduced their price objective on shares of Whitecap Resources from C$14.50 to C$13.00 in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$12.88.

Insider Transactions at Whitecap Resources

In related news, Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was bought at an average price of C$8.72 per share, with a total value of C$87,200.00. Also, insider Whitecap Resources Inc. sold 619,983 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of C$8.72, for a total value of C$5,406,251.76. Insiders have acquired a total of 103,400 shares of company stock valued at $874,026 over the last 90 days. 0.84% of the stock is owned by company insiders.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.