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

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were acquired at an average price of C$14.46 per share, with a total value of C$144,600.00. Following the purchase, the director owned 3,308,099 shares in the company, 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 stock was 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 value 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 value of C$68,800.00.
• On Friday, April 17th, Grant Bradley Fagerheim sold 500 shares of Whitecap Resources stock. The stock was sold at an average price of C$13.66, for a total transaction of C$6,830.00.

Whitecap Resources Trading Down 2.0%

Shares of WCP stock opened at C$14.43 on Tuesday. The firm has a market capitalization of C$17.54 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of -0.33 and a beta of 0.18. Whitecap Resources Inc. has a 1 year low of C$9.23 and a 1 year high of C$17.34. The firm’s fifty day simple moving average is C$15.93 and its 200 day simple moving average is C$14.15. The company has a current ratio of 0.54, a quick ratio of 0.67 and a debt-to-equity ratio of 33.01.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$1.84 billion during the quarter. Whitecap Resources had a net margin of 13.32% and a return on equity of 7.70%. As a group, sell-side analysts predict that Whitecap Resources Inc. will post 1.1226131 EPS for the current year.

Whitecap Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be given a dividend of $0.0608 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.1%. Whitecap Resources’s dividend payout ratio (DPR) is 99.95%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Raymond James Financial upped their price target on Whitecap Resources from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. ATB Cormark Capital Markets lifted their price target on shares of Whitecap Resources from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Scotiabank upgraded shares of Whitecap Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 19th. 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, TD upped their target price on shares of Whitecap Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat, the stock currently 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.