Whitecap Resources Inc. (TSE:WCP) Director Acquires C$106,900.00 in Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim bought 10,000 shares of the stock in a transaction on Monday, April 29th. The stock was acquired at an average price of C$10.69 per share, with a total value of C$106,900.00.

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

• On Friday, April 5th, Grant Bradley Fagerheim bought 5,000 shares of Whitecap Resources stock. The stock was acquired at an average price of C$10.58 per share, with a total value of C$52,900.00.
• On Monday, February 5th, Grant Bradley Fagerheim bought 3,723 shares of Whitecap Resources stock. The stock was acquired at an average price of C$8.17 per share, with a total value of C$30,416.91.

Whitecap Resources Stock Down 4.2 %

WCP stock opened at C$10.00 on Thursday. The stock’s fifty day simple moving average is C$10.11 and its two-hundred day simple moving average is C$9.61. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 25.25. Whitecap Resources Inc. has a 1-year low of C$8.15 and a 1-year high of C$11.91. The stock has a market cap of C$5.98 billion, a P/E ratio of 6.85, a P/E/G ratio of -0.33 and a beta of 2.81.

Whitecap Resources (TSE:WCP) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.14). Whitecap Resources had a return on equity of 16.89% and a net margin of 27.52%. The business had revenue of C$933.30 million during the quarter, compared to analysts’ expectations of C$787.00 million. Analysts expect that Whitecap Resources Inc. will post 1.2846626 EPS for the current year.

Whitecap Resources Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.73 annualized dividend and a yield of 7.30%. Whitecap Resources’s dividend payout ratio is currently 44.52%.

Analyst Upgrades and Downgrades

WCP has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on Whitecap Resources from C$13.00 to C$14.00 in a report on Thursday, April 25th. Canaccord Genuity Group lifted their target price on Whitecap Resources from C$14.00 to C$14.50 and gave the stock a “buy” rating in a report on Thursday, April 25th. Stifel Nicolaus lifted their target price on Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Desjardins lifted their target price on Whitecap Resources from C$11.00 to C$11.50 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, CIBC lifted their target price on Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$13.56.

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.