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 stock in a transaction that occurred on Monday, March 24th. The stock was purchased 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 purchased at an average cost of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Stock Performance

WCP stock opened at C$9.51 on Thursday. The firm has a 50-day simple moving average of C$9.55 and a two-hundred day simple moving average of C$10.03. 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 Inc. has a one year low of C$7.88 and a one year high of C$11.31. The firm has a market cap of C$5.55 billion, a price-to-earnings ratio of 6.42, a PEG ratio of -0.33 and a beta of 2.67.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a $0.0608 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.73 annualized dividend and a yield of 7.67%. Whitecap Resources’s dividend payout ratio (DPR) is 49.25%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WCP shares. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price target on the stock in a research report on Tuesday, March 11th. National Bankshares dropped their target price on shares of 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. Finally, Desjardins set a C$12.00 price target on shares of Whitecap Resources and gave the company a “buy” rating in a report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.