Whitecap Resources (OTCMKTS:SPGYF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Whitecap Resources Inc. (OTCMKTS:SPGYF) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.72 and traded as low as $6.30. Whitecap Resources shares last traded at $6.48, with a volume of 524,120 shares traded.

Analyst Upgrades and Downgrades

Separately, Desjardins reiterated a “buy” rating on shares of Whitecap Resources in a research report on Tuesday, March 11th.

Whitecap Resources Trading Up 3.0 %

The stock’s fifty day moving average is $6.72 and its 200 day moving average is $7.14.

Whitecap Resources Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.0427 per share. This represents a dividend yield of 7.49%. This is an increase from Whitecap Resources’s previous dividend of $0.04. The ex-dividend date of this dividend was Friday, February 28th. Whitecap Resources’s dividend payout ratio is 47.33%.

Whitecap Resources Company Profile

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.