Grant Bradley Fagerheim Buys 5,000 Shares of Whitecap Resources Inc. (TSE:WCP) Stock

Whitecap Resources Inc. (TSE:WCP - Get Free Report) Director Grant Bradley Fagerheim acquired 5,000 shares of the company's stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of C$7.60 per share, with a total value of C$38,000.00.

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

• On Wednesday, April 9th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The stock was purchased at an average cost of C$7.17 per share, for a total transaction of C$71,700.00.
• On Thursday, March 27th, Grant Bradley Fagerheim bought 11,200 shares of Whitecap Resources stock. The shares were acquired 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 stock was acquired at an average price 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 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 Up 12.0 %

WCP stock traded up C$0.86 during trading on Wednesday, hitting C$8.05. 12,587,048 shares of the company's stock traded hands, compared to its average volume of 4,158,662. The firm has a market capitalization of C$4.70 billion, a P/E ratio of 5.43, a PEG ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 1 year low of C$6.87 and a 1 year high of C$11.31. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 21.58. The business has a fifty day simple moving average of C$9.26 and a two-hundred day simple moving average of C$9.92.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.0608 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 9.06%. Whitecap Resources's dividend payout ratio is presently 49.25%.

Analysts Set New Price Targets

A number of research firms have weighed in on WCP. National Bankshares reduced their target price on Whitecap Resources from C$15.00 to C$14.50 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Raymond James raised shares of 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. Finally, Desjardins set a C$12.00 price objective on shares of Whitecap Resources and gave the company a "buy" rating in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$13.52.

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.