Whitecap Resources Inc. (OTCMKTS:SPGYF – Get Rating) announced a dividend on Wednesday, August 24th, investing.com reports. Shareholders of record on Wednesday, August 31st will be paid a dividend of 0.0284 per share on Thursday, September 15th. This represents a yield of 4.63%. The ex-dividend date is Tuesday, August 30th. This is an increase from Whitecap Resources's previous dividend of $0.03.
Whitecap Resources Trading Down 1.7 %
Shares of Whitecap Resources stock opened at $7.37 on Friday. The business has a 50-day moving average price of $7.02 and a two-hundred day moving average price of $7.74. Whitecap Resources has a 1-year low of $4.13 and a 1-year high of $10.14.
Get Whitecap Resources alerts:Analyst Ratings Changes
SPGYF has been the subject of several research reports. BMO Capital Markets reduced their target price on Whitecap Resources from C$16.00 to C$14.00 in a research note on Friday, July 29th. CIBC raised their target price on Whitecap Resources from C$14.50 to C$15.00 in a research note on Wednesday, June 15th. Canaccord Genuity Group initiated coverage on Whitecap Resources in a research note on Thursday. They issued a "buy" rating and a C$15.50 target price for the company. Scotiabank raised their target price on Whitecap Resources from C$12.00 to C$13.00 in a research note on Wednesday, June 8th. Finally, National Bank Financial reduced their target price on Whitecap Resources from C$22.00 to C$17.50 in a research note on Monday, July 18th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Whitecap Resources currently has a consensus rating of "Buy" and a consensus price target of $14.48.
About Whitecap Resources
(Get Rating)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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