Whitecap Resources (TSE:WCP) Director Grant Bradley Fagerheim Purchases 5,000 Shares

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 5,000 shares of the stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of C$16.30 per share, with a total value of C$81,500.00. Following the completion of the purchase, the director directly owned 3,287,599 shares in the company, valued at approximately C$53,587,863.70. This trade represents a 0.15% increase in their position.

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

• On Friday, April 17th, Grant Bradley Fagerheim sold 600 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total value of C$8,196.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.76, for a total value of C$68,800.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total value of C$6,830.00.

Whitecap Resources Stock Down 1.8%

TSE WCP opened at C$16.34 on Friday. The stock has a fifty day moving average of C$15.75 and a 200-day moving average of C$13.73. The stock has a market capitalization of C$19.86 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of -0.33 and a beta of 0.14. Whitecap Resources Inc. has a 52 week low of C$8.88 and a 52 week high of C$17.34. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54.

Whitecap Resources (TSE:WCP) last released its earnings results on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$1.84 billion during the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. On average, equities research analysts forecast that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.0608 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, April 30th. Whitecap Resources’s dividend payout ratio (DPR) is 99.95%.

Analysts Set New Price Targets

WCP has been the subject of a number of recent analyst reports. TD Securities upped their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. TD boosted their target price on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Scotiabank raised Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. Scotia upped their price target on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets upped their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$17.00.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.