Insider Selling: Whitecap Resources Inc. (TSE:WCP) Senior Officer Sells 35,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCPGet Rating) Senior Officer Joel Maxwell Armstrong sold 35,000 shares of Whitecap Resources stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of C$10.41, for a total transaction of C$364,350.00. Following the sale, the insider now owns 286,998 shares of the company’s stock, valued at approximately C$2,987,649.18.

Shares of WCP stock opened at C$10.85 on Friday. The firm has a market capitalization of C$6.69 billion and a price-to-earnings ratio of 3.68. The company has a debt-to-equity ratio of 29.06, a current ratio of 0.61 and a quick ratio of 0.58. The business has a fifty day moving average of C$10.29 and a 200 day moving average of C$8.76. Whitecap Resources Inc. has a 1 year low of C$4.69 and a 1 year high of C$11.46.

Whitecap Resources (TSE:WCPGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported C$0.36 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.12. The firm had revenue of C$785.80 million during the quarter. As a group, equities research analysts expect that Whitecap Resources Inc. will post 1.49 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 15th were given a $0.0225 dividend. The ex-dividend date of this dividend was Friday, February 25th. This represents a $0.27 dividend on an annualized basis and a yield of 2.49%. Whitecap Resources’s dividend payout ratio is currently 8.06%.

WCP has been the subject of a number of research reports. CIBC boosted their price target on Whitecap Resources from C$13.00 to C$14.50 in a report on Thursday, April 14th. Scotiabank boosted their price target on shares of Whitecap Resources from C$9.25 to C$11.00 in a report on Tuesday, March 8th. Haywood Securities upped their price target on shares of Whitecap Resources from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Wednesday, April 6th. National Bankshares cut their price objective on shares of Whitecap Resources from C$17.50 to C$16.00 in a report on Thursday, April 14th. Finally, Royal Bank of Canada upped their target price on Whitecap Resources from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, April 29th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$13.39.

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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