Grant Bradley Fagerheim Acquires 11,200 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 11,200 shares of the stock in a transaction on Thursday, March 27th. The stock was 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 bought 10,000 shares of Whitecap Resources stock. The shares were bought at an average price 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 shares were purchased at an average cost of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Stock Performance

Whitecap Resources stock opened at C$9.31 on Friday. Whitecap Resources Inc. has a 1-year low of C$7.88 and a 1-year high of C$11.31. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The firm has a market capitalization of C$5.44 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The firm’s 50 day simple moving average is C$9.53 and its 200 day simple moving average is C$10.02.

Whitecap Resources Announces Dividend

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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 7.84%. Whitecap Resources’s payout ratio is currently 49.25%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WCP. National Bankshares decreased 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 research note on Thursday, January 30th. Desjardins set a C$12.00 price objective on shares of Whitecap Resources and gave the company 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 report on Tuesday, March 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average 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.