Whitecap Resources Inc (TSE:WCP)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$5.58 and last traded at C$5.60, with a volume of 1123036 shares. The stock had previously closed at C$5.65.

A number of equities research analysts have weighed in on WCP shares. Canaccord Genuity cut their target price on Whitecap Resources from C$13.00 to C$12.00 in a research report on Tuesday, October 16th. Cormark cut their target price on Whitecap Resources from C$13.75 to C$13.50 in a research report on Tuesday, October 9th. Raymond James cut their target price on Whitecap Resources from C$14.00 to C$13.25 in a research report on Friday, October 5th. CIBC upped their target price on Whitecap Resources from C$12.50 to C$12.75 in a research report on Friday, July 20th. Finally, TD Securities cut their target price on Whitecap Resources from C$14.00 to C$11.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$13.10.

The company has a debt-to-equity ratio of 37.75, a current ratio of 0.56 and a quick ratio of 0.55.

The company also recently announced a monthly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th were given a $0.027 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.32 dividend on an annualized basis and a yield of 5.78%. Whitecap Resources’s dividend payout ratio (DPR) is -72.38%.

In related news, insider Darin Roy Dunlop purchased 9,100 shares of the company’s stock in a transaction on Thursday, October 18th. The shares were bought at an average price of C$6.82 per share, with a total value of C$62,062.00. Also, Director Grant Bradley Fagerheim purchased 9,947 shares of the company’s stock in a transaction on Monday, November 5th. The stock was bought at an average cost of C$6.39 per share, for a total transaction of C$63,561.33. Insiders acquired 60,737 shares of company stock valued at $441,848 over the last 90 days.

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Whitecap Resources Company Profile (TSE:WCP)

Whitecap Resources Inc acquires and develops petroleum and natural gas properties in the Western Canada Sedimentary Basin. Its principal properties are located in West Central Alberta, Northwest Alberta and British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southeast Saskatchewan.

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