Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall Buys 2,200 Shares

Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall purchased 2,200 shares of the stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of C$9.24 per share, with a total value of C$20,328.00.

Whitecap Resources Stock Up 2.1 %

Shares of TSE:WCP traded up C$0.19 during trading on Wednesday, hitting C$9.20. 3,301,082 shares of the company were exchanged, compared to its average volume of 3,459,754. The stock has a market capitalization of C$5.37 billion, a P/E ratio of 6.21, a PEG ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a current ratio of 0.88 and a quick ratio of 0.67. Whitecap Resources Inc. has a 12-month low of C$7.88 and a 12-month high of C$11.31. The firm’s 50 day moving average price is C$9.68 and its 200-day moving average price is C$10.05.

Whitecap Resources Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a $0.0608 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 annualized dividend and a yield of 7.93%. Whitecap Resources’s dividend payout ratio (DPR) is 49.25%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. National Bankshares lowered their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a report on Thursday, January 30th. Raymond James upgraded shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target for the company in a report on Tuesday, March 11th. Finally, Desjardins lowered their price target on shares of Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$13.52.

Whitecap Resources Company Profile

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.