Travis Bjarne Tweit Acquires 3,000 Shares of Whitecap Resources (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit bought 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of C$16.92 per share, for a total transaction of C$50,760.00. Following the completion of the transaction, the insider owned 224,204 shares in the company, valued at C$3,793,531.68. This represents a 1.36% increase in their ownership of the stock.

Whitecap Resources Stock Up 0.4%

Shares of WCP stock traded up C$0.06 during mid-day trading on Friday, reaching C$16.85. 2,519,519 shares of the company were exchanged, compared to its average volume of 6,724,402. Whitecap Resources Inc. has a fifty-two week low of C$8.39 and a fifty-two week high of C$17.33. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. The company has a market capitalization of C$20.45 billion, a P/E ratio of 23.08, a P/E/G ratio of -0.33 and a beta of 0.38. The business’s 50 day simple moving average is C$15.22 and its 200 day simple moving average is C$13.13.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. The firm had revenue of C$1.84 billion for the quarter. Research analysts predict that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.0608 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Thursday, April 30th. Whitecap Resources’s dividend payout ratio is 99.95%.

Analyst Ratings Changes

A number of research firms recently commented on WCP. BMO Capital Markets lifted their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Scotiabank upgraded Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Canaccord Genuity Group increased their target price on Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a report on Tuesday, February 24th. ATB Cormark Capital Markets lifted their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Scotia boosted their price target on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat.com, Whitecap Resources presently has a consensus rating of “Buy” and a consensus price target of C$16.73.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.