Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Buys 10,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 10,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of C$9.38 per share, for a total transaction of C$93,800.00.

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

• On Wednesday, March 12th, Grant Bradley Fagerheim acquired 30,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Price Performance

TSE WCP opened at C$9.48 on Wednesday. The stock has a 50-day simple moving average of C$9.57 and a 200 day simple moving average of C$10.03. Whitecap Resources Inc. has a twelve month low of C$7.88 and a twelve month high of C$11.31. The stock has a market capitalization of C$5.54 billion, a PE ratio of 6.40, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a $0.0608 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 7.70%. Whitecap Resources’s dividend payout ratio is 49.25%.

Analyst Ratings Changes

Several brokerages have recently commented on WCP. National Bankshares dropped their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Desjardins set a C$12.00 target price on Whitecap Resources and gave the company a “buy” rating in a report on Wednesday, March 19th. Finally, Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target for the company in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Whitecap Resources currently has an average rating of “Buy” and a consensus price target of C$13.52.

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.