Whitecap Resources Inc. (TSE:WCP) Director Buys C$252,600.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 30,000 shares of Whitecap Resources stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Stock Up 2.3 %

Shares of TSE WCP opened at C$8.63 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 firm has a market cap of C$5.04 billion, a PE ratio of 5.82, a P/E/G ratio of -0.33 and a beta of 2.67. The company’s fifty day simple moving average is C$9.77 and its 200 day simple moving average is C$10.09. Whitecap Resources Inc. has a 12-month low of C$7.88 and a 12-month high of C$11.31.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.0608 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.73 annualized dividend and a dividend yield of 8.45%. Whitecap Resources’s dividend payout ratio is presently 49.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WCP shares. National Bankshares cut their price objective on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Raymond James raised shares of Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective on the stock in a research note on Tuesday. Finally, Desjardins lowered their target price on shares of Whitecap Resources from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Tuesday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.