Grant Bradley Fagerheim Purchases 10,000 Shares of Whitecap Resources (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were purchased at an average price of C$14.46 per share, for a total transaction of C$144,600.00. Following the completion of the transaction, the director directly owned 3,308,099 shares of the company’s stock, valued at C$47,835,111.54. This represents a 0.30% increase in their ownership of the stock.

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

• On Friday, June 12th, Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$16.30 per share, with a total value of C$81,500.00.
• 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 transaction 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 transaction of C$6,830.00.

Whitecap Resources Stock Up 4.5%

Shares of Whitecap Resources stock opened at C$15.54 on Thursday. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67. The company has a 50-day moving average of C$15.94 and a 200 day moving average of C$14.20. The firm has a market cap of C$18.89 billion, a price-to-earnings ratio of 21.29, a PEG ratio of -0.33 and a beta of 0.18. Whitecap Resources Inc. has a 1 year low of C$9.31 and a 1 year high of C$17.34.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$1.84 billion for the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. As a group, sell-side analysts anticipate that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.7%. Whitecap Resources’s payout ratio is presently 99.95%.

Analysts Set New Price Targets

WCP has been the topic of a number of recent research reports. ATB Cormark Capital Markets increased their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Scotiabank upgraded shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. TD increased their price objective on shares of Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. National Bank Financial raised their price objective on shares of Whitecap Resources from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Raymond James Financial lifted their target price on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$17.91.

About Whitecap Resources

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.