Joseph Adam Wong Purchases 7,500 Shares of Whitecap Resources (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) insider Joseph Adam Wong bought 7,500 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was acquired at an average cost of C$14.46 per share, with a total value of C$108,450.00. Following the transaction, the insider owned 111,416 shares of the company’s stock, valued at C$1,611,075.36. This represents a 7.22% increase in their position.

Whitecap Resources Trading Down 2.0%

Shares of TSE:WCP opened at C$14.43 on Tuesday. The company’s 50-day moving average price is C$15.93 and its two-hundred day moving average price is C$14.15. 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 Inc. has a one year low of C$9.23 and a one year high of C$17.34. The stock has a market capitalization of C$17.54 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of -0.33 and a beta of 0.18.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$1.84 billion during the quarter. Whitecap Resources had a return on equity of 7.70% and a net margin of 13.32%. On average, equities analysts forecast that Whitecap Resources Inc. will post 1.1226131 EPS for the current fiscal year.

Whitecap Resources Announces Dividend

The business 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. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, July 31st. Whitecap Resources’s dividend payout ratio (DPR) is currently 99.95%.

Wall Street Analysts Forecast Growth

WCP has been the topic of a number of analyst reports. Raymond James Financial upped their price objective on Whitecap Resources from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. TD upped their price target on shares of 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. Royal Bank Of Canada 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 Tuesday, May 26th. Scotia boosted 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 research note on Thursday, April 30th. Finally, Scotiabank raised shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a 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, Whitecap Resources currently has an average 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.