Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Acquires 10,000 Shares

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction on Monday, April 29th. The shares were purchased at an average price of C$10.69 per share, with a total value of C$106,900.00.

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

• On Friday, April 5th, Grant Bradley Fagerheim purchased 5,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$10.58 per share, with a total value of C$52,900.00.
• On Monday, February 5th, Grant Bradley Fagerheim acquired 3,723 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$8.17 per share, for a total transaction of C$30,416.91.

Whitecap Resources Stock Performance

Shares of WCP traded down C$0.09 during trading hours on Monday, hitting C$10.62. The company had a trading volume of 701,078 shares, compared to its average volume of 2,407,588. The firm has a market cap of C$6.35 billion, a price-to-earnings ratio of 7.38, a PEG ratio of -0.33 and a beta of 2.81. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 25.25. Whitecap Resources Inc. has a 12 month low of C$8.15 and a 12 month high of C$11.91. The business has a fifty day moving average of C$10.04 and a 200-day moving average of C$9.62.

Whitecap Resources (TSE:WCP) 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). Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The firm had revenue of C$933.30 million for the quarter, compared to analyst estimates of C$787.00 million. Equities analysts anticipate that Whitecap Resources Inc. will post 1.2846626 EPS for the current fiscal year.

Whitecap Resources Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.0608 per share. The ex-dividend date is Monday, April 29th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.87%. Whitecap Resources’s payout ratio is 44.52%.

Analyst Ratings Changes

WCP has been the topic of several analyst reports. BMO Capital Markets boosted their price target on shares of Whitecap Resources from C$13.00 to C$14.00 in a research report on Thursday. Royal Bank of Canada increased their price target on Whitecap Resources from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group set a C$11.00 price target on Whitecap Resources and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Raymond James dropped their price objective on Whitecap Resources from C$15.50 to C$13.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 19th. Finally, Stifel Nicolaus boosted their target price on shares of Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Whitecap Resources currently has a consensus rating of “Buy” and an average price target of C$13.56.

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.