Whitecap Resources (TSE:WCP) Insider Travis Bjarne Tweit Purchases 3,000 Shares

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit bought 3,000 shares of the stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of C$15.48 per share, with a total value of C$46,440.00. Following the completion of the purchase, the insider owned 230,204 shares of the company’s stock, valued at C$3,563,557.92. This represents a 1.32% increase in their position.

Travis Bjarne Tweit also recently made the following trade(s):

• On Monday, May 25th, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$16.42 per share, with a total value of C$49,260.00.
• On Friday, May 22nd, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$16.92 per share, with a total value of C$50,760.00.

Whitecap Resources Stock Performance

Shares of TSE:WCP opened at C$16.18 on Tuesday. Whitecap Resources Inc. has a twelve month low of C$8.88 and a twelve month high of C$17.34. The firm has a market cap of C$19.67 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of -0.33 and a beta of 0.14. The company has a debt-to-equity ratio of 33.01, a quick ratio of 0.67 and a current ratio of 0.54. The business has a fifty day moving average of C$15.78 and a 200-day moving average of C$13.78.

Whitecap Resources (TSE:WCP) last announced its earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%.The company had revenue of C$1.84 billion during the quarter. On average, equities research analysts predict that Whitecap Resources Inc. will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.0608 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. Whitecap Resources’s dividend payout ratio (DPR) is 99.95%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WCP. TD raised their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Scotia upped their target price on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 30th. Desjardins upped their target price on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Scotiabank upgraded shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, ATB Cormark Capital Markets upped their target price on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$17.00.

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.