Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Purchases 10,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCPGet Free Report) Director Grant Bradley Fagerheim purchased 10,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was acquired at an average price of C$10.15 per share, for a total transaction of C$101,500.00.

Grant Bradley Fagerheim also recently made the following trade(s):

  • On Friday, May 3rd, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$10.08 per share, for a total transaction of C$100,800.00.
  • On Monday, April 29th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$10.69 per share, with a total value of C$106,900.00.
  • On Friday, April 5th, Grant Bradley Fagerheim purchased 5,000 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$10.58 per share, with a total value of C$52,900.00.

Whitecap Resources Stock Performance

Shares of WCP stock opened at C$10.12 on Tuesday. The stock’s 50-day moving average price is C$10.41 and its 200 day moving average price is C$9.58. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 26.11. The stock has a market capitalization of C$6.06 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of -0.33 and a beta of 2.77. Whitecap Resources Inc. has a 52-week low of C$8.15 and a 52-week high of C$11.91.

Whitecap Resources (TSE:WCPGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). Whitecap Resources had a net margin of 21.27% and a return on equity of 12.91%. The company had revenue of C$933.30 million during the quarter, compared to analyst estimates of C$787.00 million. As a group, equities research analysts forecast that Whitecap Resources Inc. will post 1.0901468 EPS for the current year.

Whitecap Resources Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.061 dividend. This is a boost from Whitecap Resources’s previous monthly dividend of $0.06. This represents a $0.73 annualized dividend and a yield of 7.23%. The ex-dividend date is Thursday, May 30th. Whitecap Resources’s payout ratio is currently 64.60%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WCP. ATB Capital reduced their price objective on shares of Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. Jefferies Financial Group set a C$11.00 price target on shares of Whitecap Resources and gave the company a “buy” rating in a research report on Tuesday, February 27th. Canaccord Genuity Group raised their price objective on Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a report on Thursday, April 25th. Royal Bank of Canada lifted their target price on Whitecap Resources from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, BMO Capital Markets upped their target price on Whitecap Resources from C$13.00 to C$14.00 in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$13.56.

Check Out Our Latest Stock Report on Whitecap Resources

About Whitecap Resources

(Get Free Report)

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.

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