Whitecap Resources Inc. (OTCMKTS:SPGYF) to Issue Dividend of $0.02

Whitecap Resources Inc. (OTCMKTS:SPGYFGet Rating) declared a dividend on Friday, April 22nd, investing.com reports. Stockholders of record on Friday, April 29th will be given a dividend of 0.0238 per share on Monday, May 16th. This represents a dividend yield of 3.19%. The ex-dividend date is Thursday, April 28th. This is a boost from Whitecap Resources’s previous dividend of $0.02.

SPGYF stock opened at $8.93 on Friday. Whitecap Resources has a twelve month low of $3.64 and a twelve month high of $9.10. The stock’s 50 day moving average is $7.93 and its 200-day moving average is $6.76.

A number of research analysts have recently weighed in on SPGYF shares. CIBC raised their target price on Whitecap Resources from C$13.00 to C$14.50 in a report on Thursday, April 14th. Stifel Nicolaus raised their target price on Whitecap Resources from C$13.25 to C$14.25 in a report on Tuesday, April 5th. National Bank Financial raised their target price on Whitecap Resources from C$16.00 to C$17.50 in a report on Thursday, April 14th. BMO Capital Markets increased their price target on Whitecap Resources from C$11.00 to C$12.00 in a research report on Friday, February 25th. Finally, Scotiabank increased their price target on Whitecap Resources from C$11.00 to C$12.00 in a research report on Monday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $12.42.

Whitecap Resources Company Profile (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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Dividend History for Whitecap Resources (OTCMKTS:SPGYF)

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