Whitecap Resources Inc. (TSE:WCP) Director Buys C$38,000.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of C$7.60 per share, for a total transaction of C$38,000.00.

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

• On Thursday, March 27th, Grant Bradley Fagerheim purchased 11,200 shares of Whitecap Resources stock. The shares were purchased at an average price of C$9.39 per share, with a total value of C$105,168.00.
• On Monday, March 24th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$9.38 per share, for a total transaction of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim acquired 30,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Trading Down 10.0 %

WCP opened at C$7.75 on Friday. The firm has a market cap of C$4.52 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 52 week low of C$7.57 and a 52 week high of C$11.31. The business’s 50 day moving average is C$9.40 and its two-hundred day moving average is C$9.98. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a $0.0608 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 annualized dividend and a yield of 9.41%. Whitecap Resources’s dividend payout ratio (DPR) is 49.25%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WCP shares. Desjardins set a C$12.00 price target on Whitecap Resources and gave the company a “buy” rating in a research note on Wednesday, March 19th. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective on the stock in a report on Tuesday, March 11th. Finally, National Bankshares decreased their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Whitecap Resources currently has a consensus rating of “Buy” and a consensus target price of C$13.52.

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.