Insider Buying: Whitecap Resources (TSE:WCP) Director Buys C$29,960.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall acquired 2,800 shares of Whitecap Resources stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average price of C$10.70 per share, with a total value of C$29,960.00. Following the acquisition, the director owned 3,800 shares of the company’s stock, valued at approximately C$40,660. This trade represents a 280.00% increase in their ownership of the stock.

Whitecap Resources Stock Performance

TSE:WCP opened at C$11.69 on Tuesday. The stock has a 50 day simple moving average of C$10.85 and a 200 day simple moving average of C$10.13. The stock has a market cap of C$14.19 billion, a P/E ratio of 10.35, a PEG ratio of -0.33 and a beta of 0.50. Whitecap Resources Inc. has a 1-year low of C$6.87 and a 1-year high of C$11.91. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 21.58.

Whitecap Resources (TSE:WCP) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.17 EPS for the quarter. Whitecap Resources had a return on equity of 15.86% and a net margin of 24.23%.The firm had revenue of C$1.55 billion for the quarter. Research analysts anticipate that Whitecap Resources Inc. will post 1.1226131 earnings per share for the current year.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a dividend of $0.0608 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Friday, October 31st. Whitecap Resources’s dividend payout ratio (DPR) is currently 64.57%.

Analyst Ratings Changes

WCP has been the subject of a number of recent research reports. TD Securities boosted their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Desjardins boosted their price target on Whitecap Resources from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Friday, October 24th. Scotiabank increased their price target on Whitecap Resources from C$12.00 to C$14.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Raymond James Financial lifted their price objective on Whitecap Resources from C$14.00 to C$15.00 and gave the company a “strong-buy” rating in a report on Thursday, October 23rd. Finally, National Bankshares set a C$15.00 target price on Whitecap Resources and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Four investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$14.08.

About Whitecap Resources

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets.