Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 10,200 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was purchased at an average price of C$8.91 per share, for a total transaction of C$90,882.00.

Shares of Whitecap Resources Inc. (WCP) opened at C$8.64 on Friday. Whitecap Resources Inc. has a 52-week low of C$8.41 and a 52-week high of C$12.90.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Wednesday, November 29th. Whitecap Resources’s payout ratio is 34.95%.

A number of research analysts have weighed in on the company. TD Securities raised their price objective on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets raised their target price on Whitecap Resources from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday. CIBC reaffirmed an “outperform” rating and issued a C$12.50 target price on shares of Whitecap Resources in a research note on Tuesday. Raymond James Financial raised their target price on Whitecap Resources from C$13.25 to C$14.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, Barclays raised their target price on Whitecap Resources from C$10.00 to C$11.00 in a research note on Thursday, November 2nd. Seven equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$13.10.

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About Whitecap Resources

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Insider Buying and Selling by Quarter for Whitecap Resources (TSE:WCP)

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