Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Acquires 5,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 5,000 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were bought at an average price of C$7.60 per share, with a total value of C$38,000.00.

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

• On Thursday, March 27th, Grant Bradley Fagerheim acquired 11,200 shares of Whitecap Resources stock. The stock was purchased at an average price of C$9.39 per share, with a total value of C$105,168.00.
• On Monday, March 24th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$9.38 per share, with a total value of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim bought 30,000 shares of Whitecap Resources stock. The shares were bought at an average price of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Stock Down 10.0 %

Shares of TSE:WCP opened at C$7.75 on Friday. 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 company has a market capitalization of C$4.52 billion, a P/E ratio of 5.23, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 52-week low of C$7.57 and a 52-week high of C$11.31. The stock’s fifty day simple moving average is C$9.40 and its 200-day simple moving average is C$9.98.

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.0608 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 9.41%. Whitecap Resources’s dividend payout ratio is currently 49.25%.

Analyst Ratings Changes

Several analysts recently commented on WCP shares. National Bankshares reduced their price objective on shares of 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 price target on Whitecap Resources and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Finally, Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.