Whitecap Resources (TSE:WCP) Stock Price Down 4.7%

Whitecap Resources Inc. (TSE:WCPGet Rating)’s stock price was down 4.7% during trading on Monday . The company traded as low as C$10.32 and last traded at C$10.33. Approximately 197,927 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 3,876,563 shares. The stock had previously closed at C$10.84.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WCP shares. Stifel Nicolaus raised their price objective on shares of Whitecap Resources from C$13.50 to C$14.00 in a research report on Friday, October 28th. Haywood Securities reduced their price objective on shares of Whitecap Resources from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Canaccord Genuity Group set a C$15.50 price objective on shares of Whitecap Resources and gave the company a “buy” rating in a research report on Thursday, August 25th. Raymond James reduced their price objective on shares of Whitecap Resources from C$17.00 to C$16.00 in a research report on Friday, October 14th. Finally, BMO Capital Markets reduced their price target on shares of Whitecap Resources from C$16.00 to C$14.00 in a research report on Friday, July 29th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Whitecap Resources has a consensus rating of “Buy” and a consensus price target of C$14.37.

Whitecap Resources Price Performance

The company has a debt-to-equity ratio of 42.83, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market capitalization of C$6.72 billion and a price-to-earnings ratio of 4.40. The company has a 50-day moving average of C$10.05 and a 200-day moving average of C$9.82.

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th were given a dividend of $0.0367 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.44 annualized dividend and a dividend yield of 4.00%. Whitecap Resources’s dividend payout ratio is currently 13.70%.

Insider Buying and Selling

In related news, Director Grant Bradley Fagerheim acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was purchased at an average cost of C$8.44 per share, for a total transaction of C$84,400.00. Following the transaction, the director now directly owns 2,690,867 shares of the company’s stock, valued at approximately C$22,710,917.48. Insiders purchased 22,000 shares of company stock worth $192,600 in the last ninety days.

About Whitecap Resources

(Get Rating)

Whitecap Resources Inc, oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent.

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