Whitecap Resources Inc. (TSE:WCP) Director Buys C$105,168.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 11,200 shares of Whitecap Resources stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of C$9.39 per share, with a total value of C$105,168.00.

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

• On Monday, March 24th, Grant Bradley Fagerheim purchased 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 acquired 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 Performance

Shares of TSE WCP opened at C$9.31 on Friday. 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 cap of C$5.44 billion, a P/E ratio of 6.28, a P/E/G ratio of -0.33 and a beta of 2.67. The business’s 50 day moving average is C$9.53 and its two-hundred day moving average is C$10.02. 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 business also recently announced a monthly dividend, which was paid on Monday, March 17th. Investors 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 was Friday, February 28th. Whitecap Resources’s payout ratio is currently 49.25%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. National Bankshares decreased their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Desjardins set a C$12.00 target price on Whitecap Resources and gave the stock a “buy” rating in a report on Wednesday, March 19th. Finally, Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target on the stock in a report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Whitecap Resources presently has an average 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.