Whitecap Resources Inc. (TSE:WCP) Director Purchases C$101,500.00 in Stock

Whitecap Resources Inc. (TSE:WCPGet Free Report) Director Grant Bradley Fagerheim purchased 10,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were purchased at an average cost of C$10.15 per share, for a total transaction of C$101,500.00.

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

  • On Friday, May 3rd, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$10.08 per share, for a total transaction of C$100,800.00.
  • On Monday, April 29th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$10.69 per share, with a total value of C$106,900.00.
  • On Friday, April 5th, Grant Bradley Fagerheim purchased 5,000 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$10.58 per share, for a total transaction of C$52,900.00.

Whitecap Resources Trading Up 2.0 %

WCP opened at C$10.05 on Thursday. The company has a debt-to-equity ratio of 26.11, a current ratio of 0.71 and a quick ratio of 0.67. Whitecap Resources Inc. has a fifty-two week low of C$8.15 and a fifty-two week high of C$11.91. The firm has a market capitalization of C$6.02 billion, a PE ratio of 8.89, a P/E/G ratio of -0.33 and a beta of 2.77. The company’s 50-day moving average is C$10.40 and its 200 day moving average is C$9.58.

Whitecap Resources (TSE:WCPGet Free Report) last posted its earnings results on Wednesday, April 24th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). The business had revenue of C$933.30 million during the quarter, compared to analyst estimates of C$787.00 million. Whitecap Resources had a return on equity of 12.91% and a net margin of 21.27%. As a group, research analysts predict that Whitecap Resources Inc. will post 1.0901468 earnings per share for the current fiscal year.

Whitecap Resources Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.061 dividend. This is a positive change from Whitecap Resources’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.73 annualized dividend and a yield of 7.28%. Whitecap Resources’s dividend payout ratio (DPR) is 64.60%.

Analyst Ratings Changes

WCP has been the topic of a number of research reports. ATB Capital dropped their target price on shares of Whitecap Resources from C$15.50 to C$15.00 in a research report on Thursday, February 22nd. CIBC increased their price objective on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Canaccord Genuity Group increased their price objective on shares of Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a research report on Thursday, April 25th. BMO Capital Markets increased their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 in a research report on Thursday, April 25th. Finally, Royal Bank of Canada increased their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Whitecap Resources has a consensus rating of “Buy” and an average target price of C$13.56.

View Our Latest Report on WCP

Whitecap Resources Company Profile

(Get Free Report)

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.

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