Whitecap Resources (WCP) Hits New 12-Month Low at $6.05

Shares of Whitecap Resources Inc. (TSE:WCP) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$6.05 and last traded at C$6.06, with a volume of 972109 shares traded. The stock had previously closed at C$6.26.

A number of analysts have issued reports on WCP shares. Cormark decreased their target price on Whitecap Resources from C$13.75 to C$13.50 in a research report on Tuesday, October 9th. National Bank Financial raised their target price on Whitecap Resources from C$14.50 to C$16.00 and gave the stock a “c$9.00” rating in a research report on Wednesday, July 18th. Raymond James decreased their target price on Whitecap Resources from C$14.00 to C$13.25 in a research report on Friday, October 5th. TD Securities decreased 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. Finally, Canaccord Genuity decreased their target price on Whitecap Resources from C$13.00 to C$12.00 in a research report on Tuesday, October 16th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Whitecap Resources has a consensus rating of “Buy” and an average target price of C$13.10.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be given a $0.027 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Tuesday, October 30th.

In other Whitecap Resources news, Director Grant Bradley Fagerheim acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was bought at an average price of C$8.13 per share, with a total value of C$162,600.00. Also, insider Darin Roy Dunlop acquired 9,100 shares of the company’s stock in a transaction that occurred on Thursday, October 18th. The shares were acquired at an average cost of C$6.82 per share, with a total value of C$62,062.00. Over the last quarter, insiders bought 60,737 shares of company stock valued at $441,848.

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About Whitecap Resources (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.

Read More: Earnings Per Share (EPS)

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