Whitecap Resources (TSE:WCP) Insider Travis Bjarne Tweit Purchases 3,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit purchased 3,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average cost of C$15.48 per share, with a total value of C$46,440.00. Following the purchase, the insider directly owned 230,204 shares in the company, valued at approximately C$3,563,557.92. The trade was a 1.32% increase in their ownership of the stock.

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

• On Monday, May 25th, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$16.42 per share, with a total value of C$49,260.00.
• On Friday, May 22nd, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$16.92 per share, with a total value of C$50,760.00.

Whitecap Resources Price Performance

TSE:WCP traded down C$0.32 during trading hours on Monday, reaching C$16.02. 4,684,507 shares of the company traded hands, compared to its average volume of 6,658,038. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. The firm’s 50-day moving average is C$15.75 and its 200-day moving average is C$13.74. The stock has a market cap of C$19.47 billion, a P/E ratio of 21.95, a P/E/G ratio of -0.33 and a beta of 0.14. Whitecap Resources Inc. has a 1-year low of C$8.88 and a 1-year high of C$17.34.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data 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 for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. Equities research analysts expect that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders 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) dividend on an annualized basis and a dividend yield of 4.6%. Whitecap Resources’s payout ratio is 99.95%.

Analyst Upgrades and Downgrades

Several analysts have commented on WCP shares. TD Securities lifted their target price on shares of Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Canaccord Genuity Group lifted their price objective on Whitecap Resources from C$14.00 to C$15.50 and gave the company a “buy” rating in a research report on Tuesday, February 24th. 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 report on Tuesday, February 24th. Raymond James Financial raised their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada upped 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 research note on Tuesday, May 26th. 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, the stock currently has a consensus rating of “Buy” and a consensus target price of C$17.00.

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.