Whitecap Resources Inc. (TSE:WCP) Director Acquires C$105,168.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 11,200 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of C$9.39 per share, with a total value of C$105,168.00.

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

• On Monday, March 24th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The stock was bought at an average cost of C$9.38 per share, for a total transaction of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim bought 30,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Trading Down 0.8 %

Shares of WCP stock traded down C$0.08 on Thursday, reaching C$9.43. The company had a trading volume of 3,015,659 shares, compared to its average volume of 3,670,015. The company has a 50-day moving average of C$9.55 and a 200-day moving average of C$10.03. Whitecap Resources Inc. has a 12 month low of C$7.88 and a 12 month high of C$11.31. The stock has a market cap of C$5.51 billion, a PE ratio of 6.36, a PEG ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58.

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend was Friday, February 28th. Whitecap Resources’s dividend payout ratio (DPR) is 49.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. National Bankshares cut their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Desjardins set a C$12.00 price objective on shares of Whitecap Resources and gave the stock a “buy” rating in a report on Wednesday, March 19th. Finally, Raymond James upgraded shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price on the stock in a research report on Tuesday, March 11th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$13.52.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.