Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Buys 5,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 5,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of C$7.60 per share, for a total transaction of C$38,000.00.

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

• On Thursday, March 27th, Grant Bradley Fagerheim acquired 11,200 shares of Whitecap Resources stock. The stock was purchased at an average price of C$9.39 per share, with a total value of C$105,168.00.
• On Monday, March 24th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$9.38 per share, for a total transaction of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim purchased 30,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Stock Down 10.0 %

Shares of TSE WCP opened at C$7.75 on Monday. The stock has a market cap of C$4.52 billion, a PE ratio of 5.23, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. Whitecap Resources Inc. has a 12-month low of C$7.57 and a 12-month high of C$11.31. The company has a 50-day moving average of C$9.40 and a 200 day moving average of C$9.98.

Whitecap Resources Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 9.41%. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.25%.

Analysts Set New Price Targets

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