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

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of C$9.38 per share, with a total value of C$93,800.00.

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

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

Whitecap Resources Stock Performance

WCP traded up C$0.02 during midday trading on Monday, hitting C$9.35. 2,936,949 shares of the company traded hands, compared to its average volume of 3,610,576. The company’s 50-day moving average is C$9.60 and its 200 day moving average 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. The firm has a market capitalization of C$5.46 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 52 week low of C$7.88 and a 52 week high of C$11.31.

Whitecap Resources Dividend Announcement

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

Wall Street Analyst Weigh In

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