Whitecap Resources (TSE:WCP) Director Grant Bradley Fagerheim Acquires 5,000 Shares

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was acquired at an average cost of C$10.32 per share, with a total value of C$51,600.00. Following the transaction, the director owned 3,195,745 shares of the company’s stock, valued at C$32,980,088.40. This trade represents a 0.16% increase in their ownership of the stock.

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

• On Wednesday, July 30th, Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$10.71 per share, with a total value of C$53,550.00.
• On Thursday, July 10th, Grant Bradley Fagerheim bought 15,000 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$9.43 per share, with a total value of C$141,450.00.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock opened at C$11.05 on Tuesday. The stock has a market cap of C$13.61 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of -0.33 and a beta of 0.74. The business has a fifty day simple moving average of C$10.30 and a 200-day simple moving average of C$9.24. 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 Inc. has a 12 month low of C$6.87 and a 12 month high of C$11.31.

Whitecap Resources Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.0608 dividend. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.97%.

Wall Street Analysts Forecast Growth

WCP has been the subject of a number of research reports. Raymond James Financial lifted their price objective on Whitecap Resources from C$13.00 to C$14.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 24th. Desjardins raised Whitecap Resources from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$12.00 to C$12.50 in a research report on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$13.57.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.