Whitecap Resources (TSE:WCP) Insider Joseph Adam Wong Buys 7,500 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) insider Joseph Adam Wong bought 7,500 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were acquired at an average cost of C$14.46 per share, with a total value of C$108,450.00. Following the completion of the purchase, the insider owned 111,416 shares in the company, valued at approximately C$1,611,075.36. This represents a 7.22% increase in their position.

Whitecap Resources Stock Performance

Shares of WCP opened at C$14.87 on Wednesday. The company has a 50-day simple moving average of C$15.93 and a 200-day simple moving average of C$14.17. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. The company has a market capitalization of C$18.07 billion, a PE ratio of 20.37, a P/E/G ratio of -0.33 and a beta of 0.18. Whitecap Resources Inc. has a 52-week low of C$9.25 and a 52-week high of C$17.34.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts predict that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.0608 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, July 31st. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Analyst Ratings Changes

WCP has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 26th. Raymond James Financial increased their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. TD raised their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Scotia lifted their price target on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a report on Thursday, April 30th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, Whitecap Resources presently 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.