Whitecap Resources (TSE:WCP) announced a monthly dividend on Wednesday, May 16th, Zacks reports. Shareholders of record on Thursday, May 31st will be paid a dividend of 0.026 per share on Friday, June 15th. This represents a $0.31 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, May 30th. This is a boost from Whitecap Resources’s previous monthly dividend of $0.03.
Whitecap Resources traded up C$0.24, reaching C$9.75, on Thursday, according to MarketBeat. The stock had a trading volume of 206,687 shares, compared to its average volume of 1,908,141. Whitecap Resources has a 12-month low of C$7.40 and a 12-month high of C$10.20.
Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.09 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of C$285.01 million during the quarter, compared to analysts’ expectations of C$256.40 million.
A number of brokerages have weighed in on WCP. National Bank Financial boosted their price objective on Whitecap Resources from C$11.50 to C$14.50 and gave the company an “outperform” rating in a research note on Thursday, May 10th. Raymond James boosted their price objective on Whitecap Resources from C$13.00 to C$13.25 and gave the company a “strong-buy” rating in a research note on Thursday, May 3rd. Laurentian upped their price target on Whitecap Resources from C$13.00 to C$14.00 in a research note on Thursday, May 3rd. GMP Securities cut their price target on Whitecap Resources from C$13.75 to C$13.25 in a research note on Thursday, March 1st. Finally, Barclays upped their price target on Whitecap Resources from C$11.00 to C$12.00 in a research note on Wednesday, January 17th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Whitecap Resources presently has an average rating of “Buy” and a consensus target price of C$13.05.
In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 22,300 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were purchased at an average price of C$7.60 per share, with a total value of C$169,480.00. Also, insider Thanh Chan Kang acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of C$7.75 per share, for a total transaction of C$77,500.00. Insiders have bought 53,800 shares of company stock valued at $413,605 in the last 90 days.
Whitecap Resources Company Profile
Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.
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