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.

How to Become a New Pot Stock Millionaire

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.

In other Whitecap Resources news, Director Kenneth Stickland sold 4,856 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of C$8.77, for a total value of C$42,587.12. Also, Director Grant Bradley Fagerheim bought 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was bought at an average price of C$9.69 per share, with a total value of C$96,900.00. Over the last 90 days, insiders acquired 43,800 shares of company stock valued at $355,505.

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.

TRADEMARK VIOLATION NOTICE: This story was published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.watchlistnews.com/whitecap-resources-inc-wcp-announces-monthly-dividend-of-0-03/1961122.html.

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.

Dividend History for Whitecap Resources (TSE:WCP)

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.