Whitecap Resources Inc. (WCP) Director Sells C$42,587.12 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Kenneth Stickland sold 4,856 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of C$8.77, for a total transaction of C$42,587.12.

Whitecap Resources Inc. (WCP) traded down C$0.27 on Friday, reaching C$7.93. 3,645,240 shares of the company’s stock traded hands, compared to its average volume of 1,700,196. Whitecap Resources Inc. has a 12 month low of C$7.72 and a 12 month high of C$11.48. The stock has a market capitalization of $3,430.00, a P/E ratio of 9.91 and a beta of 0.93.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.0257 per share. This is an increase from Whitecap Resources’s previous monthly dividend of $0.02. This represents a $0.31 annualized dividend and a yield of 3.89%. The ex-dividend date is Tuesday, January 30th. Whitecap Resources’s payout ratio is currently 34.95%.

Several brokerages recently commented on WCP. Barclays upped their price target on shares of Whitecap Resources from C$11.00 to C$12.00 in a research report on Wednesday, January 17th. National Bank Financial upped their price target on shares of Whitecap Resources from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. 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. TD Securities upped 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, BMO Capital Markets boosted their price objective on shares of Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 5th. Seven investment analysts have rated the stock with a buy rating, Whitecap Resources presently has an average rating of “Buy” and a consensus target price of C$13.22.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/02/09/whitecap-resources-inc-wcp-director-sells-c42587-12-in-stock.html.

Whitecap Resources Company Profile

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.

Insider Buying and Selling by Quarter for Whitecap Resources (TSE:WCP)

Receive News & Ratings for Whitecap Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whitecap Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply