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 dated Friday, July 5th. The shares were purchased at an average cost of C$10.19 per share, for a total transaction of C$101,900.00.

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

  • On Monday, June 3rd, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$10.15 per share, for a total transaction of C$101,500.00.
  • On Friday, May 3rd, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was bought 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 acquired 10,000 shares of Whitecap Resources stock. The shares were purchased at an average price of C$10.69 per share, with a total value of C$106,900.00.

Whitecap Resources Stock Performance

Shares of WCP stock opened at C$10.15 on Friday. The company has a debt-to-equity ratio of 26.11, a current ratio of 0.71 and a quick ratio of 0.67. The firm has a 50-day moving average of C$10.20 and a 200-day moving average of C$9.70. Whitecap Resources Inc. has a one year low of C$8.15 and a one year high of C$11.91. The company has a market cap of C$6.08 billion, a P/E ratio of 8.98, a P/E/G ratio of -0.33 and a beta of 2.77.

Whitecap Resources (TSE:WCPGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate 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 firm had revenue of C$933.30 million during the quarter, compared to analysts’ expectations of C$787.00 million. Equities research analysts forecast that Whitecap Resources Inc. will post 1.0901468 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a dividend of $0.061 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.73 dividend on an annualized basis and a yield of 7.21%. Whitecap Resources’s dividend payout ratio (DPR) is currently 64.60%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WCP. Royal Bank of Canada upped their price target on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Canaccord Genuity Group upped their target price on Whitecap Resources from C$14.00 to C$14.50 and gave the company a “buy” rating in a research report on Thursday, April 25th. BMO Capital Markets lifted their target price on Whitecap Resources from C$13.00 to C$14.00 in a report on Thursday, April 25th. CIBC increased their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$13.61.

Read Our Latest Report on WCP

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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Insider Buying and Selling by Quarter for Whitecap Resources (TSE:WCP)

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