Insider Selling: Whitecap Resources Inc. (TSE:WCP) Director Sells C$204,400.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$10.22, for a total value of C$204,400.00.

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

• On Friday, July 5th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$10.19 per share, for a total transaction of C$101,900.00.
• On Monday, June 3rd, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$10.15 per share, with a total value of C$101,500.00.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock opened at C$10.43 on Monday. The firm has a market cap of C$6.25 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of -0.33 and a beta of 2.71. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 23.55. Whitecap Resources Inc. has a 52 week low of C$8.15 and a 52 week high of C$11.91. The business’s fifty day simple moving average is C$10.14 and its 200-day simple moving average is C$10.00.

Whitecap Resources (TSE:WCP) last posted its earnings results on Wednesday, July 24th. The company reported C$0.41 EPS for the quarter, beating analysts’ consensus estimates of C$0.29 by C$0.12. The company had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$946.00 million. Whitecap Resources had a net margin of 22.43% and a return on equity of 13.89%. Equities analysts forecast that Whitecap Resources Inc. will post 0.9959799 earnings per share for the current year.

Whitecap Resources Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Saturday, August 31st will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.02%. This is a boost from Whitecap Resources’s previous monthly dividend of $0.06. Whitecap Resources’s dividend payout ratio (DPR) is presently 58.40%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WCP shares. CIBC boosted their price target on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Stifel Nicolaus upped their price target on Whitecap Resources from C$12.75 to C$13.75 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada upgraded Whitecap Resources to a “moderate buy” rating in a research report on Friday, July 26th. Scotiabank upped their target price on Whitecap Resources from C$12.00 to C$13.00 in a report on Friday, July 12th. Finally, BMO Capital Markets raised their target price on Whitecap Resources from C$13.00 to C$14.00 in a research note on Thursday, April 25th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$13.61.

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.