Travis Bjarne Tweit Purchases 3,000 Shares of Whitecap Resources (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit acquired 3,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of C$15.48 per share, for a total transaction of C$46,440.00. Following the completion of the acquisition, the insider directly owned 230,204 shares of the company’s stock, valued at approximately C$3,563,557.92. This trade represents a 1.32% increase in their position.

Travis Bjarne Tweit also recently made the following trade(s):

• On Monday, May 25th, Travis Bjarne Tweit acquired 3,000 shares of Whitecap Resources stock. The stock was purchased at an average price of C$16.42 per share, with a total value of C$49,260.00.
• On Friday, May 22nd, Travis Bjarne Tweit bought 3,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$16.92 per share, with a total value of C$50,760.00.

Whitecap Resources Price Performance

Shares of TSE WCP opened at C$15.95 on Wednesday. Whitecap Resources Inc. has a 52 week low of C$8.88 and a 52 week high of C$17.34. The business’s 50 day moving average price is C$15.80 and its 200 day moving average price is C$13.81. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01. The firm has a market cap of C$19.39 billion, a P/E ratio of 21.85, a P/E/G ratio of -0.33 and a beta of 0.14.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$1.84 billion during the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. On average, sell-side analysts expect that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.

Whitecap Resources Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.0608 per share. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 4.6%. Whitecap Resources’s payout ratio is currently 99.95%.

Wall Street Analyst Weigh In

WCP has been the topic of several analyst reports. TD Securities increased their price target on Whitecap Resources from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. BMO Capital Markets boosted their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. ATB Cormark Capital Markets upped their target price on Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. TD lifted their price target on Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$17.00.

About Whitecap Resources

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.