Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Acquires C$100,800.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of C$10.08 per share, with a total value of C$100,800.00.

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

• On Monday, April 29th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$10.69 per share, for a total transaction of C$106,900.00.
• On Friday, April 5th, Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$10.58 per share, with a total value of C$52,900.00.
• On Monday, February 5th, Grant Bradley Fagerheim purchased 3,723 shares of Whitecap Resources stock. The stock was acquired at an average price of C$8.17 per share, for a total transaction of C$30,416.91.

Whitecap Resources Price Performance

TSE:WCP opened at C$9.92 on Monday. The company has a market cap of C$5.93 billion, a P/E ratio of 6.79, a P/E/G ratio of -0.33 and a beta of 2.81. The firm’s fifty day moving average price is C$10.14 and its two-hundred day moving average price is C$9.59. Whitecap Resources Inc. has a one year low of C$8.15 and a one year high of C$11.91. The company has a debt-to-equity ratio of 25.25, a current ratio of 0.90 and a quick ratio of 0.67.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.14). The company had revenue of C$933.30 million during the quarter, compared to analyst estimates of C$787.00 million. Whitecap Resources had a net margin of 27.52% and a return on equity of 16.89%. Equities analysts expect that Whitecap Resources Inc. will post 1.2846626 earnings per share for the current year.

Whitecap Resources Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.0608 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a yield of 7.35%. Whitecap Resources’s payout ratio is currently 44.52%.

Analysts Set New Price Targets

A number of research firms have recently commented on WCP. ATB Capital reduced their price objective on shares of Whitecap Resources from C$15.50 to C$15.00 in a research note on Thursday, February 22nd. National Bankshares decreased their price target on Whitecap Resources from C$18.50 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. CIBC boosted their price target on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Jefferies Financial Group set a C$11.00 price objective on Whitecap Resources and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, BMO Capital Markets raised their target price on shares of Whitecap Resources from C$13.00 to C$14.00 in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Whitecap Resources presently has an average rating of “Buy” and a consensus price target of C$13.56.

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.