Whitecap Resources Inc. (WCP) Announces Monthly Dividend of $0.03
Whitecap Resources Inc. (TSE:WCP) announced a monthly dividend on Wednesday, March 28th, TickerTech reports. Investors of record on Monday, April 16th will be paid a dividend of 0.0257 per share on Monday, April 16th. This represents a $0.31 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, March 28th.
Shares of Whitecap Resources (TSE:WCP) traded up C$0.04 on Friday, hitting C$8.09. The company had a trading volume of 2,823,928 shares, compared to its average volume of 1,938,274. Whitecap Resources has a 52-week low of C$7.40 and a 52-week high of C$10.66. The stock has a market capitalization of $3,220.00, a PE ratio of -25.28 and a beta of 1.05.
Whitecap Resources (TSE:WCP) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.07 by C$0.02. Whitecap Resources had a return on equity of 0.46% and a net margin of 1.91%. The firm had revenue of C$285.01 million during the quarter, compared to analysts’ expectations of C$256.40 million.
Several analysts recently commented on the company. National Bank Financial boosted their price target on Whitecap Resources from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. GMP Securities dropped their price target on Whitecap Resources from C$13.75 to C$13.25 in a research report on Thursday, March 1st. BMO Capital Markets boosted their price target on Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 5th. Barclays boosted their price target on Whitecap Resources from C$11.00 to C$12.00 in a research report on Wednesday, January 17th. Finally, Raymond James Financial upgraded Whitecap Resources from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from C$12.00 to C$12.50 in a research report on Thursday, March 1st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$13.08.
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Whitecap Resources Company Profile
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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