Whitecap Resources (WCP) Hits New 52-Week Low at $7.63

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.

ILLEGAL ACTIVITY NOTICE: “Whitecap Resources (WCP) Hits New 52-Week Low at $7.63” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/14/whitecap-resources-wcp-hits-new-52-week-low-at-7-63.html.

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.

Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply