Whitecap Resources Inc. (TSE:WCP) declared a monthly dividend on Friday, September 15th, Zacks reports. Investors of record on Saturday, September 30th will be given a dividend of 0.023 per share on Monday, October 16th. This represents a $0.28 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, September 28th.

Whitecap Resources (WCP) traded down 1.83% on Friday, reaching $9.65. The company had a trading volume of 2,471,724 shares. The stock has a market capitalization of $3.57 billion and a P/E ratio of 11.84. The firm has a 50-day moving average of $9.08 and a 200-day moving average of $9.52. Whitecap Resources has a 12 month low of $8.44 and a 12 month high of $12.90.

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In other news, Director Grant Bradley Fagerheim purchased 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of C$8.94 per share, for a total transaction of C$107,280.00. Also, insider Jeffery Byron Zdunich purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of C$8.46 per share, with a total value of C$42,300.00. Insiders have bought 25,000 shares of company stock valued at $220,540 over the last 90 days.

Several research analysts have commented on the company. Barclays PLC cut their price objective on Whitecap Resources from C$13.00 to C$10.00 in a research report on Monday, July 24th. Royal Bank Of Canada cut their price objective on Whitecap Resources from C$15.00 to C$12.00 in a research report on Thursday, July 20th. Finally, National Bank Financial cut their price objective on Whitecap Resources from C$13.50 to C$12.00 in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$13.65.

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.

Dividend History for Whitecap Resources (TSE:WCP)

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