Insider Buying: Whitecap Resources (TSE:WCP) Director Buys 5,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 5,000 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were bought at an average price of C$17.33 per share, for a total transaction of C$86,650.00. Following the completion of the acquisition, the director owned 3,318,099 shares of the company’s stock, valued at approximately C$57,502,655.67. This represents a 0.15% increase in their ownership of the stock.

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

• On Monday, November 2nd, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The stock was bought at an average cost of C$18.73 per share, with a total value of C$187,300.00.

Whitecap Resources Stock Down 3.3%

Shares of TSE:WCP traded down C$0.57 on Thursday, reaching C$16.91. The company had a trading volume of 5,981,202 shares, compared to its average volume of 6,223,348. The stock has a market capitalization of C$20.57 billion, a P/E ratio of 13.31, a P/E/G ratio of -0.33 and a beta of 0.29. The stock has a 50-day moving average price of C$18.76 and a 200 day moving average price of C$16.01. Whitecap Resources Inc. has a twelve month low of C$10.32 and a twelve month high of C$20.79. The company has a quick ratio of 0.67, a current ratio of 0.60 and a debt-to-equity ratio of 23.99.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$0.27 EPS for the quarter. The business had revenue of C$2.14 billion for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. On average, equities analysts expect that Whitecap Resources Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Desjardins increased their price target on Whitecap Resources from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. National Bank Financial boosted their price objective on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 20th. TD boosted their price objective on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, September 11th. Canaccord Genuity Group upped their price objective on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, ATB Cormark Capital Markets raised their target price on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, Whitecap Resources has an average rating of “Buy” and a consensus price target of C$20.50.

About Whitecap Resources

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.