Insider Buying: Whitecap Resources (TSE:WCP) Insider Purchases 3,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit purchased 3,000 shares of the stock in a transaction that occurred on Monday, May 25th. The shares were purchased at an average cost of C$16.42 per share, for a total transaction of C$49,260.00. Following the completion of the acquisition, the insider directly owned 227,204 shares of the company’s stock, valued at C$3,730,689.68. This represents a 1.34% increase in their position.

Travis Bjarne Tweit also recently made the following trade(s):

• On Friday, May 22nd, Travis Bjarne Tweit acquired 3,000 shares of Whitecap Resources stock. The shares were bought at an average cost of C$16.92 per share, for a total transaction of C$50,760.00.

Whitecap Resources Price Performance

Shares of TSE:WCP traded down C$0.64 during midday trading on Monday, hitting C$16.15. The company’s stock had a trading volume of 3,616,212 shares, compared to its average volume of 6,720,501. The business’s 50 day simple moving average is C$15.28 and its 200 day simple moving average is C$13.17. 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 cap of C$19.63 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of -0.33 and a beta of 0.38. Whitecap Resources Inc. has a 12-month low of C$8.40 and a 12-month high of C$17.33.

Whitecap Resources (TSE:WCP) last released its quarterly earnings data 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 during the quarter. On average, analysts forecast that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

WCP has been the subject of a number of recent analyst reports. Desjardins lifted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. TD increased their target price on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. BMO Capital Markets increased their target price 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. ATB Cormark Capital Markets lifted their price objective on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Raymond James Financial lifted their price objective on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat.com, the company 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.