Whitecap Resources Inc. (TSE:WCP) reached a new 52-week low during trading on Thursday . The stock traded as low as C$8.27 and last traded at C$8.37, with a volume of 1022891 shares. The stock had previously closed at C$8.48.

WCP has been the subject of several research reports. National Bank Financial lowered their price objective on shares of Whitecap Resources from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research note on Friday, October 13th. Raymond James Financial lifted their price objective on shares of Whitecap Resources from C$13.00 to C$13.25 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Barclays lifted their price objective on shares of Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. CIBC reiterated an “outperform” rating and set a C$12.50 price objective on shares of Whitecap Resources in a research note on Tuesday, December 5th. Finally, BMO Capital Markets lifted their price objective on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 5th. Seven equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$13.22.

The company has a market capitalization of $3,310.00, a PE ratio of 9.91 and a beta of 0.93.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.0257 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is an increase from Whitecap Resources’s previous monthly dividend of $0.02. This represents a $0.31 dividend on an annualized basis and a yield of 3.89%. Whitecap Resources’s payout ratio is currently 34.95%.

In other Whitecap Resources news, Director Grant Bradley Fagerheim bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was bought at an average cost of C$9.69 per share, for a total transaction of C$96,900.00. Also, Director Kenneth Stickland sold 4,856 shares of Whitecap Resources stock in a transaction on Tuesday, February 6th. The shares were 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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