Whitecap Resources (TSE:WCP) Shares Down 4.7%

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

Analyst Ratings Changes

Several equities research analysts have commented on WCP shares. Stifel Nicolaus boosted their price objective on Whitecap Resources from C$13.50 to C$14.00 in a research note on Friday, October 28th. Haywood Securities cut their price objective on Whitecap Resources from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. National Bankshares cut their price objective on Whitecap Resources from C$17.50 to C$15.50 in a research note on Friday, September 30th. Raymond James cut their price objective on Whitecap Resources from C$17.00 to C$16.00 in a research note on Friday, October 14th. Finally, BMO Capital Markets cut their price objective on Whitecap Resources from C$16.00 to C$14.00 in a research note on Friday, July 29th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Whitecap Resources has a consensus rating of “Buy” and an average target price of C$14.37.

Whitecap Resources Stock Performance

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

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th were paid a $0.0367 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, October 28th. Whitecap Resources’s dividend payout ratio is presently 13.70%.

Insiders Place Their Bets

In other news, Director Grant Bradley Fagerheim acquired 10,000 shares of the company’s stock in a transaction on Monday, September 26th. The shares were bought at an average price of C$8.44 per share, with a total value of C$84,400.00. Following the completion of the acquisition, the director now owns 2,690,867 shares in the company, valued at approximately C$22,710,917.48. Over the last 90 days, insiders have bought 22,000 shares of company stock valued at $192,600.

About Whitecap Resources

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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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