Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Purchases 30,000 Shares

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim purchased 30,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of C$8.42 per share, with a total value of C$252,600.00.

Whitecap Resources Trading Up 2.3 %

Shares of TSE WCP traded up C$0.19 during mid-day trading on Friday, reaching C$8.63. 4,673,911 shares of the company's stock were exchanged, compared to its average volume of 3,292,624. The firm has a market capitalization of C$5.04 billion, a price-to-earnings ratio of 5.82, a PEG ratio of -0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. Whitecap Resources Inc. has a 52-week low of C$7.88 and a 52-week high of C$11.31. The company's 50-day moving average is C$9.74 and its 200-day moving average is C$10.07.

Whitecap Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0608 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.45%. The ex-dividend date is Friday, February 28th. Whitecap Resources's dividend payout ratio is presently 49.25%.

Analyst Ratings Changes

Several brokerages recently commented on WCP. Desjardins dropped their price target on Whitecap Resources from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. National Bankshares dropped their target price on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating for the company in a 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 for the company in a report on Tuesday, March 11th. Nine 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.

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.