Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Acquires 2,200 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall bought 2,200 shares of the stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of C$9.24 per share, for a total transaction of C$20,328.00.

Whitecap Resources Price Performance

Shares of TSE:WCP opened at C$9.31 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The stock’s fifty day simple moving average is C$9.63 and its two-hundred day simple moving average is C$10.04. Whitecap Resources Inc. has a 1-year low of C$7.88 and a 1-year high of C$11.31. The stock has a market cap of C$5.44 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend was Friday, February 28th. Whitecap Resources’s dividend payout ratio (DPR) is presently 49.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WCP shares. Desjardins set a C$12.00 target price on Whitecap Resources and gave the stock a “buy” rating in a research report on Wednesday. National Bankshares lowered their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price on the stock in a research report on Tuesday, March 11th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock 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.