Whitecap Resources Inc. (TSE:WCP) insider Darin Roy Dunlop bought 1,500 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average price of C$7.75 per share, for a total transaction of C$11,625.00.
Whitecap Resources Inc. (TSE:WCP) traded down C$0.14 during trading on Wednesday, hitting C$7.70. 1,612,668 shares of the stock were exchanged, compared to its average volume of 1,828,552. Whitecap Resources Inc. has a 1 year low of C$7.40 and a 1 year high of C$10.66. The company has a market cap of $3,280.00, a P/E ratio of -24.06 and a beta of 1.05.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.0257 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Tuesday, February 27th. Whitecap Resources’s dividend payout ratio is currently -87.75%.
Several research firms have commented on WCP. TD Securities increased their price objective on shares of Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. National Bank Financial increased their price objective on shares of Whitecap Resources from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. GMP Securities decreased their price objective on shares of Whitecap Resources from C$13.75 to C$13.25 in a research note on Thursday, March 1st. BMO Capital Markets increased their price objective 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. Finally, CIBC reiterated an “outperform” rating and issued a C$12.50 price objective on shares of Whitecap Resources in a research note on Tuesday, December 5th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$13.08.
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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