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

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was purchased at an average cost of C$9.69 per share, with a total value of C$96,900.00.

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

  • On Monday, December 4th, Grant Bradley Fagerheim acquired 10,200 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$8.91 per share, with a total value of C$90,882.00.

Shares of Whitecap Resources Inc. (TSE WCP) traded down C$0.11 during trading hours on Thursday, reaching C$9.68. The company’s stock had a trading volume of 1,739,078 shares, compared to its average volume of 1,645,436. The firm has a market cap of $4,050.00, a PE ratio of 12.10 and a beta of 1.03. Whitecap Resources Inc. has a 52-week low of C$8.31 and a 52-week high of C$11.48.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, November 1st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). Whitecap Resources had a return on equity of 0.46% and a net margin of 1.91%.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.0257 per share. This is a boost from Whitecap Resources’s previous monthly dividend of $0.02. The ex-dividend date is Tuesday, January 30th. This represents a $0.31 annualized dividend and a dividend yield of 3.19%. Whitecap Resources’s dividend payout ratio (DPR) is 34.95%.

A number of equities research analysts have commented on the company. CIBC reiterated an “outperform” rating and set a C$12.50 target price on shares of Whitecap Resources in a report on Tuesday, December 5th. TD Securities increased their target price on Whitecap Resources from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. National Bank Financial increased their target price on Whitecap Resources from C$11.50 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Barclays increased their target price on Whitecap Resources from C$10.00 to C$11.00 in a report on Thursday, November 2nd. Finally, BMO Capital Markets increased their target price on Whitecap Resources from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, December 5th. Seven equities research analysts have rated the stock with a buy rating, Whitecap Resources has an average rating of “Buy” and a consensus price target of C$13.22.

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About Whitecap Resources

Whitecap Resources Inc is a Canada-based oil-weighted growth company focused on its existing assets enhanced by oil-based acquisitions. Its assets include Boundary Lake property, which is located in northeast British Columbia; Valhalla North property, which is located in the Peace River Arch area of Alberta and is characterized by shallow declines and a production base, and Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, which are located southwest of Grande Prairie, Alberta.

Insider Buying and Selling by Quarter for Whitecap Resources (TSE:WCP)

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