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

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim bought 10,000 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was bought at an average cost of C$7.17 per share, with a total value of C$71,700.00.

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

• On Friday, April 4th, Grant Bradley Fagerheim acquired 5,000 shares of Whitecap Resources stock. The shares were purchased at an average price of C$7.60 per share, for a total transaction of C$38,000.00.
• On Thursday, March 27th, Grant Bradley Fagerheim bought 11,200 shares of Whitecap Resources stock. The stock was purchased at an average price of C$9.39 per share, with a total value of C$105,168.00.
• On Monday, March 24th, Grant Bradley Fagerheim purchased 10,000 shares of Whitecap Resources stock. The shares were purchased at an average cost of C$9.38 per share, for a total transaction of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim acquired 30,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Stock Performance

WCP stock traded up C$0.03 during trading on Monday, hitting C$7.73. 6,657,721 shares of the company's stock traded hands, compared to its average volume of 4,260,625. The stock has a market capitalization of C$4.51 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 52 week low of C$6.87 and a 52 week high of C$11.31. The stock has a fifty day moving average price of C$9.11 and a two-hundred day moving average price of C$9.85. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58.

Whitecap Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.0608 per share. The ex-dividend date was Friday, February 28th. This represents a $0.73 annualized dividend and a yield of 9.44%. Whitecap Resources's dividend payout ratio (DPR) is 49.25%.

Analyst Ratings Changes

Several research analysts recently commented on WCP shares. Raymond James upgraded Whitecap Resources from a "market perform" rating to an "outperform" rating and set a C$13.00 price target on the stock in a research note on Tuesday, March 11th. CIBC cut their target price on Whitecap Resources from C$14.50 to C$13.00 in a research report on Thursday. Desjardins set a C$12.00 price target on shares of Whitecap Resources and gave the stock a "buy" rating in a research report on Wednesday, March 19th. Finally, National Bankshares dropped their price target on shares of Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$13.34.

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.