Whitecap Resources Inc. (TSE:WCP) Director Acquires C$93,800.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of C$9.38 per share, for a total transaction of C$93,800.00.

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

• On Wednesday, March 12th, Grant Bradley Fagerheim purchased 30,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Trading Up 0.2 %

Shares of WCP traded up C$0.02 during trading hours on Monday, reaching C$9.35. 2,936,949 shares of the company traded hands, compared to its average volume of 3,610,576. Whitecap Resources Inc. has a 12 month low of C$7.88 and a 12 month high of C$11.31. The company has a market capitalization of C$5.46 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. The company’s fifty day moving average price is C$9.60 and its two-hundred day moving average price is C$10.03. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58.

Whitecap Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.0608 per share. The ex-dividend date was Friday, February 28th. This represents a $0.73 annualized dividend and a yield of 7.80%. Whitecap Resources’s payout ratio is 49.25%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. National Bankshares decreased 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. Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a research report on Tuesday, March 11th. Finally, Desjardins set a C$12.00 price objective on Whitecap Resources and gave the company a “buy” rating in a research note on Wednesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$13.52.

About Whitecap Resources

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.