Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Purchases 11,200 Shares

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 11,200 shares of the stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of C$9.39 per share, with a total value of C$105,168.00.

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

• On Monday, March 24th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The stock was bought at an average price of C$9.38 per share, with a total value of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim acquired 30,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Stock Performance

Shares of Whitecap Resources stock opened at C$9.41 on Friday. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The firm has a market cap of C$5.49 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 1 year low of C$7.88 and a 1 year high of C$11.31. The firm’s 50-day simple moving average is C$9.54 and its 200-day simple moving average is C$10.02.

Whitecap Resources Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend was Friday, February 28th. Whitecap Resources’s dividend payout ratio is currently 49.25%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. National Bankshares reduced their target price on shares of Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Desjardins set a C$12.00 target price on Whitecap Resources and gave the stock a “buy” rating in a research report on Wednesday, March 19th. 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 report on Tuesday, March 11th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$13.52.

About Whitecap Resources

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.