Whitecap Resources (TSE:WCP) Director Grant Bradley Fagerheim Purchases 10,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 10,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was purchased at an average cost of C$14.46 per share, for a total transaction of C$144,600.00. Following the transaction, the director owned 3,308,099 shares of the company’s stock, valued at C$47,835,111.54. This trade represents a 0.30% increase in their ownership of the stock.

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

• On Friday, June 12th, Grant Bradley Fagerheim purchased 5,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$16.30 per share, for a total transaction of C$81,500.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 600 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.66, for a total transaction of C$8,196.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 5,000 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.76, for a total transaction of C$68,800.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The shares were sold at an average price of C$13.66, for a total value of C$6,830.00.

Whitecap Resources Stock Up 3.0%

Shares of TSE:WCP opened at C$14.87 on Wednesday. The firm’s 50 day moving average price is C$15.93 and its 200 day moving average price is C$14.17. The stock has a market cap of C$18.07 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of -0.33 and a beta of 0.18. Whitecap Resources Inc. has a fifty-two week low of C$9.25 and a fifty-two week high of C$17.34. The company has a quick ratio of 0.67, a current ratio of 0.54 and a debt-to-equity ratio of 33.01.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data 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 company had revenue of C$1.84 billion for the quarter. As a group, equities research analysts predict that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be paid a $0.0608 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.9%. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WCP. TD upped their price objective on Whitecap Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets upped their price target on Whitecap Resources from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Thursday, April 30th. Raymond James Financial increased their price target on shares of Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Scotia raised their price objective on shares of Whitecap Resources from C$17.00 to C$19.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 30th. Finally, Scotiabank upgraded shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Three equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.