Whitecap Resources Inc. (TSE:WCP) Director Buys C$252,600.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 30,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Price Performance

Shares of TSE:WCP traded up C$0.11 during midday trading on Wednesday, hitting C$8.41. The company’s stock had a trading volume of 3,865,755 shares, compared to its average volume of 3,060,624. The company has a market cap of C$4.91 billion, a P/E ratio of 5.67, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 12-month low of C$7.88 and a 12-month high of C$11.31. The business’s 50 day simple moving average is C$9.85 and its 200 day simple moving average is C$10.11. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88.

Whitecap Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.0608 dividend. This represents a $0.73 annualized dividend and a yield of 8.68%. The ex-dividend date of this dividend is Friday, February 28th. Whitecap Resources’s payout ratio is currently 49.25%.

Wall Street Analyst Weigh In

WCP has been the topic of several recent research reports. 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. National Bankshares decreased their price objective 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. Finally, Desjardins cut their target price on Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Tuesday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company 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.