Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall 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 that occurred on Wednesday, March 19th. The shares were bought at an average cost of C$9.24 per share, with a total value of C$20,328.00.

Whitecap Resources Stock Performance

Shares of WCP opened at C$9.28 on Thursday. The firm has a market capitalization of C$5.42 billion, a P/E ratio of 6.26, a P/E/G ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The stock has a 50 day moving average price of C$9.65 and a two-hundred day moving average price of C$10.04. Whitecap Resources Inc. has a 52 week low of C$7.88 and a 52 week high of C$11.31.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.0608 dividend. This represents a $0.73 annualized dividend and a dividend yield of 7.86%. The ex-dividend date of this dividend was Friday, February 28th. Whitecap Resources’s dividend payout ratio is presently 49.25%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WCP. National Bankshares dropped their price objective on 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. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective on the stock in a research note 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Whitecap Resources presently has a consensus rating of “Buy” and a consensus 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.