Grant Bradley Fagerheim Acquires 10,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim acquired 10,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were purchased at an average cost of C$10.19 per share, for a total transaction of C$101,900.00.

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

• On Monday, June 3rd, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$10.15 per share, for a total transaction of C$101,500.00.
• On Friday, May 3rd, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$10.08 per share, for a total transaction of C$100,800.00.
• On Monday, April 29th, Grant Bradley Fagerheim bought 10,000 shares of Whitecap Resources stock. The shares were acquired at an average price of C$10.69 per share, with a total value of C$106,900.00.

Whitecap Resources Price Performance

Whitecap Resources stock traded down C$0.07 during mid-day trading on Friday, hitting C$10.16. The stock had a trading volume of 296,695 shares, compared to its average volume of 2,261,380. The firm has a market capitalization of C$6.09 billion, a P/E ratio of 9.05, a P/E/G ratio of -0.33 and a beta of 2.77. Whitecap Resources Inc. has a one year low of C$8.15 and a one year high of C$11.91. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 26.11. The firm’s 50 day moving average is C$10.21 and its 200 day moving average is C$9.70.

Whitecap Resources (TSE:WCP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.14). The company had revenue of C$933.30 million during the quarter, compared to analysts’ expectations of C$787.00 million. Whitecap Resources had a return on equity of 12.91% and a net margin of 21.27%. On average, sell-side analysts forecast that Whitecap Resources Inc. will post 1.0901468 earnings per share for the current fiscal year.

Whitecap Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Thursday, June 27th. Whitecap Resources’s dividend payout ratio is 64.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 in a report on Thursday, April 25th. Royal Bank of Canada boosted their price objective on shares of Whitecap Resources from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Canaccord Genuity Group boosted their price objective on shares of 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 shares of Whitecap Resources from C$12.75 to C$13.75 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, CIBC lifted their target price on shares of Whitecap Resources from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. One equities research 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 stock. According to MarketBeat.com, Whitecap Resources presently has an average rating of “Buy” and an average price target of C$13.61.

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.