Whitecap Resources (WCP) Reaches New 12-Month Low at $7.63

Whitecap Resources Inc. (TSE:WCP)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as C$7.63 and last traded at C$7.75, with a volume of 1248400 shares. The stock had previously closed at C$7.84.

A number of equities analysts recently commented on WCP shares. National Bank Financial raised their price target on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Needham & Company LLC reaffirmed an “outperform” rating and set a C$13.00 price target on shares of Whitecap Resources in a research report on Friday, December 15th. Raymond James Financial raised their price target on shares of Whitecap Resources from C$13.25 to C$14.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. TD Securities raised their price target on shares of Whitecap Resources from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Finally, CIBC reaffirmed an “outperform” rating and set a C$12.50 price target on shares of Whitecap Resources in a research report on Tuesday, December 5th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$13.22.

The stock has a market capitalization of $3,320.00, a PE ratio of 9.94 and a beta of 0.93.

The company also recently announced a monthly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th were issued a $0.0257 dividend. This is a positive change from Whitecap Resources’s previous monthly dividend of $0.02. This represents a $0.31 annualized dividend and a yield of 3.88%. The ex-dividend date was Tuesday, January 30th. Whitecap Resources’s dividend payout ratio (DPR) is currently 34.95%.

In other news, Director Grant Bradley Fagerheim bought 10,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were purchased at an average cost of C$9.69 per share, with a total value of C$96,900.00. Also, Director Kenneth Stickland sold 4,856 shares of the firm’s stock in a transaction dated 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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