Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Acquires 10,000 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 10,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were bought at an average cost of C$9.38 per share, for a total transaction of C$93,800.00.

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

• On Wednesday, March 12th, Grant Bradley Fagerheim bought 30,000 shares of Whitecap Resources stock. The stock was bought at an average cost of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Stock Up 0.2 %

Whitecap Resources stock opened at C$9.35 on Tuesday. The stock has a market capitalization of C$5.46 billion, a price-to-earnings ratio of 6.31, a PEG ratio of -0.33 and a beta of 2.67. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58. The stock has a 50 day moving average of C$9.59 and a two-hundred day moving average of C$10.03. Whitecap Resources Inc. has a twelve month low of C$7.88 and a twelve month high of C$11.31.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.80%. The ex-dividend date of this dividend was Friday, February 28th. Whitecap Resources’s dividend payout ratio is presently 49.25%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WCP. Raymond James raised Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective on the stock in a report on Tuesday, March 11th. National Bankshares dropped their price target 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. Finally, Desjardins set a C$12.00 price objective on Whitecap Resources and gave the company a “buy” rating in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Whitecap Resources has a consensus rating of “Buy” and a consensus target price of C$13.52.

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.