Whitecap Resources Inc. (TSE:WCP)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$7.63 and last traded at C$7.75, with a volume of 1248400 shares trading hands. The stock had previously closed at C$7.84.
WCP has been the topic of several research analyst reports. Raymond James Financial upped their target price on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. National Bank Financial upped their target price on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Barclays upped their target price on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. CIBC restated an “outperform” rating and set a C$12.50 target price on shares of Whitecap Resources in a research note on Tuesday, December 5th. Finally, BMO Capital Markets upped their target price on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday, December 5th. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$13.22.
The company has a market cap of $3,260.00, a P/E ratio of 9.69 and a beta of 0.93.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be paid a $0.0257 dividend. This represents a $0.31 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Tuesday, January 30th. This is a boost from Whitecap Resources’s previous monthly dividend of $0.02. Whitecap Resources’s dividend payout ratio is 34.95%.
In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 10,000 shares of the stock in a transaction dated Thursday, January 25th. The shares were purchased at an average price of C$9.69 per share, for a total transaction of C$96,900.00. Also, Director Kenneth Stickland sold 4,856 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of C$8.77, for a total transaction of C$42,587.12.
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About Whitecap Resources
Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.
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