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

Whitecap Resources Inc. (TSE:WCP) insider Travis Bjarne Tweit purchased 3,000 shares of Whitecap Resources stock in a transaction that occurred on Monday, May 25th. The stock was acquired at an average price of C$16.42 per share, with a total value of C$49,260.00. Following the transaction, the insider owned 227,204 shares in the company, valued at C$3,730,689.68. The trade was a 1.34% increase in their ownership of the stock.

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

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

Whitecap Resources Stock Up 0.7%

WCP stock opened at C$16.28 on Wednesday. The company has a fifty day moving average price of C$15.35 and a 200 day moving average price of C$13.26. Whitecap Resources Inc. has a 12 month low of C$8.40 and a 12 month high of C$17.33. The company has a market cap of C$19.79 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of -0.33 and a beta of 0.38. The company has a debt-to-equity ratio of 33.01, a current ratio of 0.54 and a quick ratio of 0.67.

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

Whitecap Resources Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a dividend of $0.0608 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.5%. Whitecap Resources’s dividend payout ratio is currently 99.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Scotia upped their price objective on Whitecap Resources from C$17.00 to C$19.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 30th. Scotiabank raised Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. BMO Capital Markets upped their price objective on Whitecap Resources from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Canaccord Genuity Group upped their price objective on shares of Whitecap Resources from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, TD Securities upped their price objective on shares of 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. Three equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$17.00.

Whitecap Resources Company Profile

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.