Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Acquires 8,500 Shares of Stock

Whitecap Resources Inc. (TSE:WCPGet Free Report) Director Grant Bradley Fagerheim purchased 8,500 shares of Whitecap Resources stock in a transaction on Tuesday, May 20th. The stock was bought at an average price of C$8.55 per share, with a total value of C$72,675.00.

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

  • On Friday, May 9th, Grant Bradley Fagerheim acquired 15,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$8.06 per share, for a total transaction of C$120,900.00.
  • On Monday, May 5th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$7.61 per share, with a total value of C$76,100.00.
  • On Wednesday, April 9th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$7.17 per share, for a total transaction of C$71,700.00.
  • On Friday, April 4th, Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$7.60 per share, with a total value of C$38,000.00.
  • On Thursday, March 27th, Grant Bradley Fagerheim acquired 11,200 shares of Whitecap Resources stock. The shares were purchased at an average price of C$9.39 per share, with a total value of C$105,168.00.
  • On Monday, March 24th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was purchased 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 purchased 30,000 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Stock Up 0.5%

Whitecap Resources stock opened at C$8.54 on Thursday. Whitecap Resources Inc. has a fifty-two week low of C$6.87 and a fifty-two week high of C$11.31. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The firm’s 50-day simple moving average is C$8.37 and its 200 day simple moving average is C$9.39. The stock has a market cap of C$4.99 billion, a PE ratio of 5.76, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The firm also recently announced a apr 25 dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a $0.0608 dividend. The ex-dividend date was Wednesday, April 30th. This represents a dividend yield of 8.97%. Whitecap Resources’s payout ratio is presently 49.25%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WCP. Raymond James upped their price objective on shares of Whitecap Resources from C$11.50 to C$12.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Desjardins dropped their price target on shares of Whitecap Resources from C$12.00 to C$11.50 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Scotiabank upgraded Whitecap Resources from a “sector perform” rating to an “outperform” rating and set a C$12.00 price target for the company in a research note on Tuesday, May 13th. National Bank Financial raised Whitecap Resources to a “strong-buy” rating in a research note on Monday, May 12th. Finally, CIBC cut their target price on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday, April 10th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Whitecap Resources presently has an average rating of “Buy” and an average target price of C$12.88.

Get Our Latest Research Report on Whitecap Resources

Whitecap Resources Company Profile

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Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.

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