Insider Buying: Whitecap Resources (TSE:WCP) Insider Purchases C$108,450.00 in Stock

Whitecap Resources Inc. (TSE:WCP) insider Joseph Adam Wong bought 7,500 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was 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 acquisition, the insider owned 111,416 shares of the company’s stock, valued at C$1,611,075.36. This represents a 7.22% increase in their position.

Whitecap Resources Price Performance

Whitecap Resources stock opened at C$15.28 on Friday. The company has a market cap of C$18.57 billion, a price-to-earnings ratio of 20.93, a PEG ratio of -0.33 and a beta of 0.18. The firm’s fifty day moving average is C$15.93 and its 200 day moving average is C$14.23. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. Whitecap Resources Inc. has a 52-week low of C$9.31 and a 52-week high of C$17.34.

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

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a $0.0608 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. Whitecap Resources’s dividend payout ratio (DPR) is presently 99.95%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WCP shares. TD boosted their price objective 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. ATB Cormark Capital Markets raised their price objective on 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. Royal Bank Of Canada lifted their target price on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Scotiabank raised Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Raymond James Financial increased their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat.com, Whitecap Resources has a consensus rating of “Buy” and a consensus price target of C$17.91.

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.