Insider Buying: Whitecap Resources (TSE:WCP) Director Acquires C$187,300.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 10,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was acquired at an average price of C$18.73 per share, with a total value of C$187,300.00. Following the completion of the transaction, the director owned 3,308,099 shares in the company, valued at approximately C$61,960,694.27. This trade represents a 0.30% increase in their position.

Whitecap Resources Stock Down 6.0%

Whitecap Resources stock opened at C$17.48 on Thursday. The firm has a 50 day moving average price of C$18.76 and a two-hundred day moving average price of C$16.01. Whitecap Resources Inc. has a 52-week low of C$10.26 and a 52-week high of C$20.79. The company has a debt-to-equity ratio of 23.99, a quick ratio of 0.67 and a current ratio of 0.60. The firm has a market cap of C$21.27 billion, a price-to-earnings ratio of 13.76, a PEG ratio of -0.33 and a beta of 0.29.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on WCP. Desjardins increased their target price on Whitecap Resources from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. National Bank Financial upped their target price on shares of Whitecap Resources from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, October 20th. ATB Cormark Capital Markets lifted 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 report on Thursday, October 22nd. TD raised their price target on Whitecap Resources from C$18.00 to C$21.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Finally, Royal Bank Of Canada increased their price target on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.