Grant Bradley Fagerheim Purchases 5,000 Shares of Whitecap Resources (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 5,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of C$16.30 per share, for a total transaction of C$81,500.00. Following the purchase, the director owned 3,287,599 shares in the company, valued at approximately C$53,587,863.70. This trade represents a 0.15% increase in their position.

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

• On Friday, April 17th, Grant Bradley Fagerheim sold 600 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total value of C$8,196.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.76, for a total value of C$68,800.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total value of C$6,830.00.

Whitecap Resources Stock Down 2.3%

Shares of TSE:WCP traded down C$0.38 during mid-day trading on Friday, hitting C$16.26. 3,634,501 shares of the company traded hands, compared to its average volume of 6,660,595. The firm has a market cap of C$19.76 billion, a P/E ratio of 22.27, a PEG ratio of -0.33 and a beta of 0.14. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. Whitecap Resources Inc. has a 52-week low of C$8.88 and a 52-week high of C$17.34. The firm’s 50 day simple moving average is C$15.72 and its 200 day simple moving average is C$13.71.

Whitecap Resources (TSE:WCP) last announced its earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%.The business had revenue of C$1.84 billion for the quarter. On average, equities analysts anticipate that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.0608 per share. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.5%. Whitecap Resources’s payout ratio is currently 99.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WCP. Desjardins boosted their target price on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. BMO Capital Markets boosted their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Canaccord Genuity Group boosted their price target on Whitecap Resources from C$14.00 to C$15.50 and gave the company a “buy” rating in a report on Tuesday, February 24th. Royal Bank Of Canada upped their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Finally, TD upped their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat.com, Whitecap Resources presently has a consensus rating of “Buy” and an average price target of C$17.00.

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.