Insider Buying: Whitecap Resources Inc. (TSE:WCP) Director Acquires 2,200 Shares of Stock

Whitecap Resources Inc. (TSE:WCP) Director Bradley John Wall acquired 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average price of C$9.24 per share, for a total transaction of C$20,328.00.

Whitecap Resources Stock Up 3.0 %

Shares of TSE:WCP opened at C$9.28 on Thursday. The stock’s 50-day moving average price is C$9.65 and its 200-day moving average price is C$10.04. Whitecap Resources Inc. has a 12-month low of C$7.88 and a 12-month high of C$11.31. The stock has a market capitalization of C$5.42 billion, a P/E ratio of 6.26, a price-to-earnings-growth 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.

Whitecap Resources Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.0608 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 7.86%. Whitecap Resources’s dividend payout ratio is currently 49.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WCP shares. Desjardins set a C$12.00 price objective on Whitecap Resources and gave the company a “buy” rating in a research note on Wednesday. National Bankshares dropped their target price on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 target price on the stock in a research report on Tuesday, March 11th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$13.52.

Whitecap Resources Company Profile

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.