Insider Buying: Whitecap Resources (TSE:WCP) Director Purchases C$144,600.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 10,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were purchased at an average cost of C$14.46 per share, for a total transaction of C$144,600.00. Following the completion of the transaction, the director owned 3,308,099 shares in the company, valued at approximately C$47,835,111.54. This represents a 0.30% increase in their position.

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

• On Friday, June 12th, Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$16.30 per share, with a total value of C$81,500.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 600 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.66, for a total transaction of C$8,196.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.76, for a total transaction 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 Price Performance

Shares of TSE:WCP opened at C$15.28 on Friday. The company has a market capitalization of C$18.57 billion, a PE ratio of 20.93, a PEG ratio of -0.33 and a beta of 0.18. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. Whitecap Resources Inc. has a 1-year low of C$9.31 and a 1-year high of C$17.34. The business has a fifty day moving average price of C$15.93 and a 200-day moving average price of C$14.23.

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

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a $0.0608 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, July 31st. Whitecap Resources’s dividend payout ratio (DPR) is presently 99.95%.

Wall Street Analyst Weigh In

A number of analysts recently commented on WCP shares. TD upped their price objective 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. Scotiabank upgraded shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. National Bank Financial lifted their target price on Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday. ATB Cormark Capital Markets lifted their price target 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, Royal Bank Of Canada upped their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$17.91.

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.